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
adjusted futures price
convertible bond
nostro account
cross currency
conversion ratio
See All Related Terms »

suspend coverage
auditors fees
historical summary
gift tax