World currency unit

(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.

See also

• Commodity
• Currency basket
• Gross domestic product (GDP)
• Unit