European terms
Definition
One of the two methods of quoting exchange rates in which a foreign currency is quoted in terms of how many units (or what fraction) of it will buy one US dollar. In the other method (called reciprocal of European terms) a currency is quoted in terms of how many US dollars (or what fraction of US dollar) is required to buy one unit of the currency.
European terms is in the Banking, Commerce & Finance, Currency Trading and Investing subjects.
European terms appears in the definition of the following term: reciprocal of European terms
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