currency conversion
Definition
The process of converting one form of currency into another country's usable currency. Based on current exchange rates, a person may receive less or more value after the currency is converted. This can be determined by looking at the current exchange rate for the country's currency.
Recommended Articles from InvestorGuide.com
Investing Tips
An All-Stock Deal in M&AsAn all-stock deal may give current foreign shareholders of the acquiring firm the opportunity to sell their shares if they do not believe in the deal, or it may lead more traders, both domestic and in ... Read more
