Foreign currency

Any currency which is not the domestic currency.

The definition of a foreign currency depends on the point of view.

From the perspective of the UK, JPY would be a foreign currency.

Viewed from Japan, GBP would be the foreign currency.

Relevant accounting standards include Section 30 of FRS 102.

See also

• Foreign currency option
• Foreign exchange
• Forward foreign exchange rate
• FRS 102
• GBP
• JPY
• Premium