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
See All Related Terms »
European Financial Reporting Advisory Group
consolidated profit and loss account
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):