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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Attracting a manager of his standing would have increased Celtic's stature in European terms hugely.
Kosovo is a neat operation in Western European terms to promote a new Anglo-American-French alliance to lead world politics and replace Franco-German hegemony.
"In European terms, Storage Dimensions had a presence virtually only in the UK, whereas Artecon was already in several countries around the continent," he explained.
V.E.R.A., the Virtual Entity of Relevant Acronyms, displays an understandable bias toward European terms that has proven helpful in several searches in the past.
Romanians tend to define their culture in western European terms. Transylvania was part of the Austrian empire and Romania has strong links with France.
One of the extraordinary things about the new school is that it has been built at a time when the country has become poor (in European terms).
DB: Did you see it as an advantage to be working in Malmo, a place on the margins in European terms?
Unfortunately, some readers may be confused with some of the terminology used if they are unfamiliar with European terms.
I believe Celtic will get past Rosenborg but I'm still not convinced by them defensively in European terms and that's a conundrum Brendan must deal with.
Scottish football has fallen off a cliff in European terms and last week was just us catching hold of a ledge.
TOTALLY dominant at home - they have won the Portuguese title in eight of the last ten seasons and are 4-7 to win it this year - in European terms, Porto have long been a selling club.

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