Variable currency

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Revision as of 10:49, 8 March 2016 by 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)
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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.


See also

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