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
bond conversion
currency conversion
conversion price
conversion ratio
nostro account
See All Related Terms »

unappropriated retained earnings
vehicle currency
outright forward (NDF)