Variable currency: Difference between revisions
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imported>Doug Williamson (Expand.) |
imported>Doug Williamson (Update.) |
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* [[Base currency]] | * [[Base currency]] | ||
* [[FCU]] | * [[FCU]] | ||
== Other resources == | |||
[[Media:June_16_TT_Base_jumper.pdf| Base jumper - applying variable and base currencies, The Treasurer]] | |||
Revision as of 15:55, 13 December 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.
See also
Other resources
Base jumper - applying variable and base currencies, The Treasurer
