Foreign Currency Fixed Deposit

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Definition: Foreign Currency Fixed Deposit

Foreign Currency Fixed Deposit

Quick Summary of Foreign Currency Fixed Deposit

A fixed investment instrument that requires a certain amount of foreign currency to be placed into a bank account for a specified time period at an agreed upon interest rate. The difference between this type of deposit and a regular fixed deposit is the value of foreign currency and the availability of interest rates. The currencies have to be exchanged to make the deposit and then again when funds are eventually withdrawn. Risk is introduced because each currency’s relative value changes over time.

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Synonyms For Foreign Currency Fixed Deposit

FCFD

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Definition Sources

Definitions for Foreign Currency Fixed Deposit 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.