European currency quotation

European currency quotation definition - business

European currency quotation

In foreign exchange trading, the value of a dollar in terms of a foreign currency. For example, if the euro is worth $1.25, the European currency quotation would be expressed as 0.80, meaning that there are 0.80 euros to the dollar. Also called divider. Compare American currency quotation.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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