- The the price as it would actually be observed, in current dollars. Contrasts with the real price, which is adjusted for inflation.
- The calculated price quote for a futures or forex contract for a time period when no real trading actually occurred. The nominal forex rate for a currency pair is generally computed by taking the mean of the bid and offer prices observed for the desired period.
- (written as Nominal Price)A monetary price that is not adjusted for changes in the (usually intertemporal) general price level (inflation).