Difference between revisions of "World currency unit"

From ACT Wiki
Jump to: navigation, search
m (removal of 'weighted' modifier for the basket)
m (Added more spacing and see also)
Line 1: Line 1:
The WOCU is a global composite currency unit made up of a basket of the currencies of the 20 largest economies, weighted by relative GDP.  It was created in particular to be a convenient unit of account for commodities transactions and having less volatility than the component currencies.  It was launched in 2009 and is monitored  by the WDX Institute.
+
(WOCU}.
 +
 
 +
The WOCU is a global composite currency unit made up of a basket of the currencies of the 20 largest economies, weighted by relative GDP.   
 +
 
 +
It was created in particular to be a convenient unit of account for commodities transactions and having less volatility than the component currencies.  Launched in 2009, the WOCU is monitored  by the WDX Institute.
 +
 
 +
 
 +
==See also==
 +
* [[Currency basket]]

Revision as of 15:13, 16 April 2014

(WOCU}.

The WOCU is a global composite currency unit made up of a basket of the currencies of the 20 largest economies, weighted by relative GDP.

It was created in particular to be a convenient unit of account for commodities transactions and having less volatility than the component currencies. Launched in 2009, the WOCU is monitored by the WDX Institute.


See also