Cash rate (conversion rate)

In older documents, the amount at which a foreign currency (coin, bill of exchange) is valued when it is entered in the cash book. As a rule, the cash rate was agreed upon in contracts; otherwise, the exchange rate of the leading foreign exchange market was used as a basis. – See foreign exchange, foreign exchange rate, coin commis, exchange rate.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/