Hard currency definition

Hard currency means currencies of economically developed and politically stable countries that are OECD members.

Hard currency means any of the lawful currencies of Canada, Japan, the United Kingdom and the United States of America and the Euro (and any successor currency to any such currency).

Hard currency means currencies of economically devel- oped and politically stable countries that are OECD mem- bers.

Examples of Hard currency in a sentence

• Hard currency sovereign spreads widened 275 bps to end the period at 626 bps over US Treasuries, while high yield spreads ended the period just inside of 1,100 bps, pricing in significant default risk.

• Hard currency debt advanced 5.64%, mainly driven by the rally in US Treasury yields, which fell to multi-year lows in the period.

• Hard currency was only useful in local transactions and in relatively small amounts.

• Emerging markets bonds also had a very decent quarter with Hard currency bonds returning +5.4% and local currencies +3.6%.In commodities, the broader index returned +8.2%.

• According to Nugel (2012) as currencies depreciated in one country deposit will be reduced since investors tend to withdraw deposit and exchanged to keep it by appreciating currency (Hard currency) or invest in other form of investment rather than bank deposit.

More Definitions of Hard currency

Hard currency means any a lawful currency of a G7 country.

Hard currency means any lawful currency of a G7 country and Switzerland;

Hard currency means currencies of economically developed and politically stable countries that are OECD members. Emerg- ing markets in connection with this Sub-Fund are all countries other than Australia, Austria, Belgium, Canada, Denmark, Fin- land, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Luxembourg, Monaco, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom and the United States of America.

Hard currency means any of the lawful currencies of Canada, the Federal Republic of Germany, Japan, the Republic of France, the Republic of Italy, the United Kingdom and the United States of America and the Euro (and any successor currency to any such currency).

Hard currency means money that is issued by a country that is viewed as politically and economically stable, for example US Dollars

Hard currency means the United States dollar, Canadian dollar, Pound Sterling, Euro and Japanese Yen:

Hard currency means the currencies of economically developed and politically stable countries that are members of the OECD.