Composite currency - Financial definition
Concise definition of the term composite currency
Unit of account the value of which is fixed arbitrarily at its inception and then evolves as a weighted average of the variations of the national currencies of which it is composed.
Comprehensive definition of the term composite currency
In some way, it represents the center of gravity of a monetary system. Examples for composite currencies would be the former European ECU, or the IMF's Special Drawing Rights (SDR).