answersLogoWhite

0

foreign currency just refers to the money used in other countries. For instance, in America, Chinese money is foreign currency.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is the definition of youth science?

An exchange rate can be quoted in two ways: Direct: The price of the foreign currency in terms and dollars And Indirect the price of dollars in terms of the foreign currency


What exactly is the definition of currency hedging?

Currency hedging is also known as foreign exchange hedging. It involves a method used by companies to eliminate risk resulting from foreign exchange transactions.


A definition of foreign currency exchange?

Foreign currency exchange is the trade of one country's money with another, whether for profit (what is known as Forex of FX trading) or for business and personal uses (when traveling for example).


What factors create a foreign exchange gain on a foreign currency transaction?

An appreciation in a foreign currency creates a foreign exchange gain when the foreign currency is to be received. A decrease in the value of foreign currency creates a foreign exchange gain when the foreign currency is to be paid. (Hoyle, Schaefer, Doupnik, 2009, pp. 328)


What determines the foreign currency value against Indian currency?

The foreign currency against domestic currency is the buying and selling


What is a foreign currency?

A currency from a country in which you don't reside. For instance, to an American, a peso would be considered foreign currency. To a Mexican, a penny would be considered foreign currency.


What is the currency and foreign exchange code of Bolivia?

The currency in Bolivia is Boliviano and the foreign exchange code of the currency is BOB.


Can you still exchange foreign currency that is uncirculated?

we can exchange foreign currency of leats of banks


When did trading begin in foreign currency futures?

In 1972 it launched a contract in foreign currency futures.


What does foreign currency means?

Foreign currency is basically currency or denomination of another country. The term is mostly used in context with foreign exchange also known as forex. There are a number foreign echange specialists like Travelex India etc that do currency conversion.


What's the definition of the word currency?

currency


How do you change foreign currency to local currency?

BIU