Variable currency: Difference between revisions
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imported>Doug Williamson (Expand for 'underlying' currency. Source: http://www.wikinvest.com/stock/Merrill_Lynch_(MER)/Bank_of_America_(BAC)/Each_Exchange_Rate_Expressed_Number_Units_Underlying_Currency) |
imported>Doug Williamson m (Add link.) |
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The variable currency in a foreign exchange quotation is the currency which there is a variable number of. | The variable currency in a foreign exchange quotation is the currency which there is a variable number of. | ||
For example in the quotation 1 GBP = 1.4600 USD, the variable currency is USD; meaning the variable number 1.4600 US dollars is exchanged for one British pound. | For example in the quotation GBP/USD 1.4600 or 1 GBP = 1.4600 USD, the variable currency is USD; meaning the variable number 1.4600 US dollars is exchanged for one British pound. | ||
Also known as the Terms currency or the Underlying currency. | Also known as the Terms currency or the Underlying currency. | ||
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* [[Base currency]] | * [[Base currency]] | ||
* [[FCU]] | * [[FCU]] | ||
* [[Variable]] | |||
== Other resources == | |||
[[Media:June_16_TT_Base_jumper.pdf| Base jumper - applying variable and base currencies, The Treasurer]] | |||
[[Category:The_business_context]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 13:33, 11 August 2021
The variable currency in a foreign exchange quotation is the currency which there is a variable number of.
For example in the quotation GBP/USD 1.4600 or 1 GBP = 1.4600 USD, the variable currency is USD; meaning the variable number 1.4600 US dollars is exchanged for one British pound.
Also known as the Terms currency or the Underlying currency.
See also
Other resources
Base jumper - applying variable and base currencies, The Treasurer
