Counter Currency

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: Counter Currency

Definition: Counter Currency

Counter Currency
Cite Term
Sources

Full Definition of Counter Currency

The second currency in a currency pair. In a currency exchange, the exchange rate is quoted as the units of the counter currency in terms of a single unit of a base currency. For example, in a currency exchange of Japanese Yen for British pounds, the Yen is the counter currency. also called quote currency or terms currency.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/counter-currency/
Modern Language Association (MLA):
Counter Currency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 30, 2025 https://payrollheaven.com/define/counter-currency/.
Chicago Manual of Style (CMS):
Counter Currency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/counter-currency/ (accessed: January 30, 2025).
American Psychological Association (APA):
Counter Currency. PayrollHeaven.com. Retrieved January 30, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/counter-currency/

Definition Sources

Definitions for Counter Currency are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.