Variable currency

From ACT Wiki

Revision as of 10:34, 14 August 2013 by imported>Doug Williamson (Spacing 14/8/13)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Jump to navigation Jump to search

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.

Also known as the Terms currency.

See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Variable_currency&oldid=50186’

Navigation menu