Par value of currency

Par value of currency

The official exchange rate between two countries' currencies.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Par Value of Currency

The dollar amount of the exchange rate between two currencies. For example, if one British pound is worth two U.S. dollars, and a person has 100 pounds, the par value in dollars is $200. The par values of currency change with exchange rates.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved