Business terms and jargon explained. Your business dictionary
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
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.