It is a selected group of currencies in which the weighted average is used as a measure of the value or the amount of an obligation. A currency basket functions as a benchmark for regional currency movements - its composition and weighted value depends on its purpose. A currency basket is commonly used in contracts as a way of avoiding (or minimizing) the risk of currency fluctuations. The European currency unit (which was replaced by the euro) and the Asian currency unit are examples of currency baskets.

A currency basket is a selected currencies with different weightings, commonly used to minimize the risk of currency fluctuations.

A group of securities whose weighted average is used to determine the value of an obligation or the value of another currency.