The price of an asset. The value of a currency traded in the forex market is always expressed relative to that of another currency like the U.S. dollar, and so currencies generally trade in pairs. Perhaps a more objective means of assessing the value of a currency might be to determine how many units are required to purchase a given amount of a hard currency like gold or silver.
Browse by Subjects
purchasing power risk
indexed currency borrowings
Neutral Hedge Ratio
Demand Inflation
inflation proof
See All Related Terms »

net price method
cross border services
dear money
double bottom
council tax