Currency Basket
A selected group of currencies whose weighted average is used as a measure of the value or the amount of an obligation.
Investopedia Commentary
A currency basket is commonly used in contracts as a way of avoiding (or minimizing) the risk of currency fluctuations.
Related Links
Floating And Fixed Exchange Rates
Dollarization Explained
See also: Currency, Currency Swap, Hard Currency, Money, Money Supply, Soft Currency, Xenocurrency