European Terms

A foreign exchange quoting convention where the domestic currency is quoted in terms of a foreign currency. In other words, it is the amount of foreign currency that one unit of the domestic currency can buy.

For example, assume there is a bid quote of EUR 1.3446/USD, and an ask quote of EUR 1.3448/USD. From the United States perspective, these quotes are given in European terms. Although the bid and ask quotes given here are in European terms, the bid and ask quotes in American terms will be reversed.

Investment dictionary. . 2012.

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  • European terms — A method of quoting exchange rates, which measures the amount of foreign currency needed to buy one U.S. dollar, i.e., foreign currency unit per dollar. Reciprocal of European Terms is another method of quoting exchange rates, which measures the… …   Financial and business terms

  • European terms — The quotation of foreign exchange rates in terms of how many units of a currency can be exchanged for one US dollar. Compare American terms …   Big dictionary of business and management

  • reciprocal of European terms — One method of quoting exchange rates, which measured the U.S. dollar value of one foreign currency unit, i.e., U.S. dollars per foreign units. See European Terms. See European Terms. Chicago Board of Trade glossary …   Financial and business terms

  • European — ► NOUN 1) a person from Europe. 2) a person who is white or of European parentage. ► ADJECTIVE ▪ relating to Europe or the European Union. DERIVATIVES Europeanism noun Europeanize (also Europeanise) verb …   English terms dictionary

  • European Union — ► NOUN ▪ an economic and political association of certain European countries as a unit with internal free trade and common external tariffs …   English terms dictionary

  • European Energy Charter —   Signed by the EC and other countries in 1991 to link Western and Eastern Europe reciprocally in terms of energy supplies and investment aid …   Glossary of the European Union and European Communities

  • European — (Roget s IV) modif. Syn. Continental, Old World, old country, EurAsian, EurAfrican, CaucAsian, Eurocentric, Indo European, Western, Western European, Eastern European. Terms associated with particular European areas include: Anglo Saxon, British …   English dictionary for students

  • European Financial Stability Facility - EFSF — An organization created by the European Union to provide assistance to member states with unstable economies. The European Financial Stability Facility is a special purpose vehicle (SPV) managed by the European Investment Bank, a lending… …   Investment dictionary

  • European Financial Stablisation Mechanism - EFSM — A permanent fund created by the European Union (EU) to provide emergency assistance to member states within the union. The European Financial Stablisation Mechanism (EFSM) raises money through the financial markets, and is guaranteed by the… …   Investment dictionary

  • European Union - EU — A group of European countries that participates in the world economy as one economic unit and operates under one official currency, the euro. The EU s goal is to create a barrier free trade zone and to enhance economic wealth by creating more… …   Investment dictionary

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