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xesorole's version from 2017-03-05 19:01

Section

Question Answer
Exchange rate this is the rate that help us to know how many of a currency can be measured in another currency at the same date and market ?
Conversion process physical exchange of currencies
Translation Process remeasuring financial information
Current Exchange rate the rate of exchanging currencies at the current time
Forward contracts aggrements to exchange currencies in the future at a specific exchange rate vaild on the date of the contract
forward exchange rate the price applied in the future for a transaction in the futuer
historical rate exchange rate at the time of acquiring the assets or commiting to debt or liability in the future
local currency the currency of a specific country useing de\ifferent exchange rates
direct exchange rate knowing how many of one local currency equals to units of a foreign currency at specific date
spot rate the price of the currency now
memorize

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