Counter Currency

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Definition: Counter Currency

Counter Currency
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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.

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https://payrollheaven.com/define/counter-currency/
Modern Language Association (MLA):
Counter Currency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
July 06, 2024 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: July 06, 2024).
American Psychological Association (APA):
Counter Currency. PayrollHeaven.com. Retrieved July 06, 2024
, 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.