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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