As the trend of globalization continues, the concept of a “base currency” becomes increasingly complex. Using a single currency as a reference for valuation is no longer desirable when no single currency is stable or resilient enough to preserve value.
The Global Reserve Currency Index (“GRCI®”) is an index that tracks the 15 largest global currencies and gold. It follows an intuitive and unbiased approach based on Purchasing Power Parity which evolves as the world economy evolves. These characteristics allow the GRCI® to act as a global store of value, effectively creating the world’s first “reserve currency”.
In 2009, the primary framework of the GRCI®was created in response to strong demand from Asian Investors wishing to preserve their wealth against a background of currency turmoil and inflation. The GRCI®is the result of several years of both research from our Product Development Team and feedback from our global client base.