Sanskrit - (Hinduism) an ancient language of India (the language of the Vedas and of Hinduism); an official language of India although it is now used only for religious purposes. Sanskritic language.
1. The sum of the open currency spot position and the open currency forward position, being the measure of the foreign exchange risk. 2. The open currency position is the difference between balance assets and liabilities in foreign currency plus the forward (conditional and unconditional) forex purchased and sales.The open currency position is the measure of the foreign exchange risk. Related position codes are: 1. Open currency position per CCY. 2.. The open currency position is the difference between balance assets and liabilities in foreign currency plus the forward (conditional and unconditional) forex purchased and sales. The open currency position is the measure of the foreign exchange risk. Related position codes are: 1. Open currency position per CCY. 2.
DEFINITION of 'Currency Union'. When two or more groups (usually countries) share a common currency or decide to peg their exchange rates in order to keep the value of their currency at a certain level. One of the main goals of forming a currency union is to synchronize and manage each country's monetary policy.