The Wocu™ (World Currency Unit) is a standardised, apolitical, basket currency derivative quotation based on the currency pairs of the world’s top 20 nations as determined by GDP.
It was introduced in September 2009
Whilst international trade is conducted in US dollars or Euros a sharp change in exchange rates causes huge differentials, vastly complicating risk management and forward planning. With the emergence of Russia, China and India into the world markets a less volatile world currency is needed. As the Wocu is a derivative of the exchange rates of the world's top 20 currencies as measured by GDP it substantially reduces the risk factors.
WDX Organisation, the company behind the Wocu, has weighted its algorithm in line with these GDPs, creating a demonstrably less volatile and totally apolitical currency unit.
The WOCU (World Currency Unt) is made up of a basket of the currencies of the world's strongest 20 economies as determined by IMF measures of GDP.
U.S., China, India, Russia, Mexico, Japan, South Korea, Canada, Australia, Poland, Great Britain, Switzerland, Brazil, Germany, France, Italy, Spain and the Netherlands.
The Euro is duplicated for Germany, France, Italy, Spain & Netherlands
Now, by mistake I came across the 'World Currency Unit on tradingview charts.
Included is the AUD/World Currency Unit daily chart.
Update to post in progress.. It takes time for perfection
It was introduced in September 2009
Whilst international trade is conducted in US dollars or Euros a sharp change in exchange rates causes huge differentials, vastly complicating risk management and forward planning. With the emergence of Russia, China and India into the world markets a less volatile world currency is needed. As the Wocu is a derivative of the exchange rates of the world's top 20 currencies as measured by GDP it substantially reduces the risk factors.
WDX Organisation, the company behind the Wocu, has weighted its algorithm in line with these GDPs, creating a demonstrably less volatile and totally apolitical currency unit.
The WOCU (World Currency Unt) is made up of a basket of the currencies of the world's strongest 20 economies as determined by IMF measures of GDP.
U.S., China, India, Russia, Mexico, Japan, South Korea, Canada, Australia, Poland, Great Britain, Switzerland, Brazil, Germany, France, Italy, Spain and the Netherlands.
The Euro is duplicated for Germany, France, Italy, Spain & Netherlands
Now, by mistake I came across the 'World Currency Unit on tradingview charts.
Included is the AUD/World Currency Unit daily chart.
Update to post in progress.. It takes time for perfection
The most violent element in society is IGNORANCE