Business Terms and Jargon Explained
What is Multicurrency
This is where more than one currency is used or a figure is expressed in a number of currencies.
e.g price £50 or $75
A company that uses and trades in different countries will use a different currency in each country. Their internal accounts will be in multicurrency and translated into one currency for reporting purposes.
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Term created / updated 2006-08-31 17:17:51
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