A basket of currencies refers to a foreign currency combination used as a reference for setting exchange rates. The proportion of a certain foreign currency in the combination is usually based on the importance of the foreign currency in the country's international trade. It is composed of multiple currencies.

A group of currencies composed of a certain proportion.

On November 27, 2016, Yi Gang, deputy governor of the People's Bank of China, stated his position on the RMB exchange rate. The RMB still shows the characteristics of a stable and strong currency in the global monetary system.

Extended information: Background introduction China's domestic economic development level will not be greatly affected by a stable real effective exchange rate.

From the perspective of the international financial market, the appreciation of the US dollar will cause a reduction in global currency liquidity, which will have a great impact on some emerging economies and may even lead to a financial crisis.

Not only that, the continued strength of the US dollar will put pressure on the inflation rate of the US dollar and have a relatively large impact on the growth of the US economy.

There are about five current exchange rate systems in the world, including the "dollarization" system that uses other countries' currencies as the country's legal currency; and the "linked exchange rate system" that maintains a fixed exchange relationship between the domestic currency and a major international currency.

An "adjustable pegged exchange rate system" that pegs the domestic currency exchange rate to a specific currency or a basket of currencies, regularly reviews changes in domestic and foreign economic and financial situations, and redefines fixed exchange rate targets; a "management system" in which the central bank can intervene appropriately

"Floating exchange rate system"; and "fully floating exchange rate system" such as Japanese yen, US dollar, and Eurozone currencies.