reciprocal of European terms definition

reciprocal of European terms

Method of quoting exchange rates in which a currency is quoted in terms of how many US dollars (or what fraction of a US dollar) are required to buy one unit of the currency. In the other method (called European terms) a foreign currency is quoted in terms of how many (or what fraction) of its units will buy one US dollar.

reciprocal of European terms is in the Currency Trading subject.

reciprocal of European terms appears in the definition of the following term: European terms

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