Kohdevaluuttoja

Kohdevaluuttoja, also known as target currencies, are a set of currencies that the European Central Bank (ECB) uses as a reference for setting interest rates and conducting monetary policy. The concept was introduced in 2012 as part of the ECB's new framework for monetary policy, which replaced the previous system of exchange rate mechanisms. The target currencies are designed to reflect the economic and monetary union's common economic and monetary objectives.

The target currencies are a basket of currencies that are considered to be representative of the euro area's economic performance. The basket includes the currencies of the euro area member states, as well as the currencies of other countries that are closely linked to the euro area's economic and monetary union. The basket is designed to be representative of the euro area's economic performance, and it is used by the ECB to set interest rates and conduct monetary policy.

The target currencies are used by the ECB to set interest rates and conduct monetary policy in a way that is consistent with the economic and monetary union's common economic and monetary objectives. The ECB uses the target currencies to set interest rates in a way that is consistent with the economic and monetary union's common economic and monetary objectives. The ECB also uses the target currencies to conduct monetary policy in a way that is consistent with the economic and monetary union's common economic and monetary objectives.

The target currencies are a key part of the ECB's new framework for monetary policy, and they are designed to reflect the economic and monetary union's common economic and monetary objectives. The target currencies are used by the ECB to set interest rates and conduct monetary policy in a way that is consistent with the economic and monetary union's common economic and monetary objectives. The target currencies are a key part of the ECB's new framework for monetary policy, and they are designed to reflect the economic and monetary union's common economic and monetary objectives.