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
conversion ratio
currency conversion
adjusted futures price
cross currency
bond indenture
See All Related Terms »

floating
statute barred
registered bond
matching
state of indebtedness