Currency Conversion
/ˈkʌrənsi kənˈvɜːrʒən/
Definitions
- (n.) The process of exchanging one currency for another, often governed by legal regulations in cross-border transactions or contractual terms.
The contract included a clause specifying the currency conversion rate to be used on the payment date.
Forms
- currency conversion
- currency conversions
Related terms
See also
Commentary
Currency conversion clauses in contracts should precisely state the applicable exchange rate and timing to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.