purchase of foreign currency

purchase of foreign currency
buying of money that is used in another country

English contemporary dictionary. 2014.

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  • Foreign currency — Foreign money. The New York Times Financial Glossary * * * foreign currency foreign currency ➔ currency * * * foreign currency UK US noun [C or U] FINANCE, MONEY ► money from a country that is not your own: »Large companies will now be allowed to …   Financial and business terms

  • foreign currency — money of another country from one s own. Bloomberg Financial Dictionary * * * foreign currency foreign currency ➔ currency * * * foreign currency UK US noun [C or U] FINANCE, MONEY ► money from a country that is not your own: »Large companies… …   Financial and business terms

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  • foreign currency cross-rate — A mechanism whereby an exchange rate can be calculated between two currencies for which no direct rate of exchange exists. The US dollar, which is customarily used as the vehicle currency in foreign exchange trading, is the common denominator of… …   Big dictionary of business and management

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