reciprocal of European terms

Definition

Forex

• An exchange rate quote expressed as the amount of another currency that is equal to one U.S. Dollar. The major currencies that are usually priced in the forex market as the reciprocal of European terms would include the Japanese Yen, the Swiss Franc and the Canadian Dollar. also called Dollar terms.

Nearby Definitions of “reciprocal of European terms”

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Contexts for “reciprocal of European terms”

1 definition in context
• Forex