Foreign Currency Transactions
/ˈfɔːrɪn ˈkʌrənsi trænˈzækʃənz/
Definitions
- (n.) Transactions involving the exchange, purchase, or sale of foreign currency in legal or commercial contexts, often governed by specific regulatory and accounting standards.
The company disclosed its foreign currency transactions in the financial statements to comply with international accounting rules.
Forms
- foreign currency transactions
- foreign currency transaction
Related terms
See also
Commentary
Foreign currency transactions often require careful consideration under accounting standards such as IFRS or US GAAP and may involve regulatory compliance in international trade and finance law.
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.