Definition
Exposure or uncertainty that is inherent in dealing with two or more currencies that do not have fixed-parity values. Also called currency risk.
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Nearby Terms
- exchange controls
- exchange delivery settlement price
- exchange of dissimilar nonmonetary assets
- exchange of similar nonmonetary assets
- exchange rate
- exchange rate mechanism (ERM)
- exchange rate risk
- exchange ratio
- exchange stabilization fund (ESF)
- exchange traded fund (ETF)
- exchange value
- exchangeable security
- excise duty
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