conversion
The process by which one currency is exchanged for another. It is based on a foreign exchange rate that mirrors the relative value given to respective currencies. The Base Currency is multiplied by a conversion factor (which fluctuates with the market) to find out how much of the counter currency can be obtained through the exchange.
Browse by Subjects
money laundering
currency conversion
bond conversion
adjusted futures price
nostro account
See All Related Terms »

fixed income investment
Cost-Push Inflation
certified accounting technician
quantitative easing
swap rate