European currency quotation

Definition

A measure used to show how much of a euro is required to purchase one U.S. dollar. The value of the euro is listed on a per-unit basis of the U.S dollar. For example, if it takes 1.15 euros to get one unit of U.S. currency, the European quotation would be €1.15 per $1 U.S. Also called exchange rate.
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European Covered Bond Council (ECBC) European Currency Unit