What Exactly is a WOCU?
Sounding like a character from StarWars, the WOCU is the World Currency Unit, a derivative of the exchange rates of the world’s top 20 economies (as measured by GDP).
The Wocu was apparently conceptualised in 1996, and after much research and discussion over the next decade, whilst the concept was tested for volatility and other characteristics, a detailed plan for the advancement of the Wocu was drawn up; it was introduced in 2009. The Wocu is an apolitical derivative of the exchange rates of the world’s top 20 economies as measured by GDP. The algorithm is weighted in line with these GDPs, resulting in a demonstrably less volatile currency unit. It is re-weighted by the WDX Institute every six months, following the publication by the IMF of its GDP figures. Prices for Wocu currency pairs can be seen on the WDX website, www.wocu.com.
