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 (Layout.) |
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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 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. | ||
Revision as of 13:46, 11 May 2016
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 or the Underlying currency.
