Variable currency: Difference between revisions
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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. | ||
Revision as of 06:33, 9 June 2016
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.
