Apparently, "the Pound is now broadly week against a basket of currencies".

Indeed, the basket of currencies that make up the euro rose in value before its formal introduction.

This helped pull the greenback off 14-month lows against a basket of currencies.

It will say, "I will take the euro instead," or a basket of currencies - which is already happening.

The ruble appreciated by 7.3 percent against a basket of currencies in the first nine months of this year, the bank said.

On July 21, 2005, both countries removed their pegs and adopted managed floats against a basket of currencies.

In a crawling peg system a country fixes its exchange rate to another currency or basket of currencies.

But against a basket of currencies - weighted by how much each country contributes to the American trade deficit - it is down just 6.7 percent.

The Indian rupee is linked to a basket of currencies and its value is generally stable.

The value of Ven is determined on the financial markets from a basket of currencies and commodities.

Its banks are sound, the Singapore dollar is stable against a trade-weighted basket of currencies, and confidence has been maintained.

By 1985, the dollar had almost doubled (up 81 percent) against the Federal Reserve Board basket of currencies.

The dollar index, which tracks the greenback against a basket of currencies, jumped by about 9pc from its lows earlier in the year.

For a while a peg was considered to a basket of currencies: the European Currency Unit.

The Renminbi has now been floating within a small margin to a basket of currencies selected by the Chinese government.

The head of the bank also announced the components of the basket of currencies used to manage the yuan's value.

Since the ECU is a basket of currencies, it is less likely to shift in value.

After the breakdown of the Bretton Woods agreement in 1971, a basket of currencies became the new reference.

Its value derives from a basket of currencies from the member countries, weighted according to the relative size of the economies.

Not everyone agrees with the dollar link; some would prefer the Hong Kong currency to be tied to a basket of currencies.

The ringgit, pegged to the US dollar until 2005, now floats against an undisclosed basket of currencies.

Its value is determined as a weighted average of a basket of currencies - the dollar, euro, pound sterling and yen.

The Israeli central bank announced a 5.6 percent devaluation of the median rate against the dollar-dominated basket of currencies last Wednesday.

If the airline proved it was not negligent, its liability would be limited to a figure based on an international basket of currencies, now worth about $146,000.

The GDP-weighted basket of currencies has now formed the basis for a new formula for the effective exchange rate.