Variable currency

From ACT Wiki
Revision as of 14:20, 23 October 2012 by imported>Administrator (CSV import)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump 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=50185’