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European Terms

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European terms
A foreign exchange quotation that states the foreign currency price of one U.S. dollar. Opposite of direct quote.

European Terms
In the United States currency market, an exchange rate stated in U.S. dollars per unit of a foreign currency. That is, the act of stating an exchange rate in European terms means stating the dollars needed to buy one unit of that currency. European terms contrasts with direct terms, which state the units of the foreign currency needed to buy one dollar.


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Sheriff, giants of Moldovan football but minnows in European terms, moved to within 180 minutes of an historic appearance in the group stages as Jose Nadson struck in the fourth minute of time added on in Prague to force a 1-1 draw with Slavia Prague.
Nicolaou stressed that five years after the island's EU accession, it was time for Cyprus to start thinking in European terms of justice, where the spirit, and not the letter, of the law was followed.
We deserved this result, which proves we have grown up in European terms," McClaren said.
 
 
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