Definition of Counter rate

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TeachMeFinance.com - explain Counter rate




historic definition...

Counter rate -- In a transaction in (foreign) exchange the counter or over-the-counter rate is the rate which the dealer in exchange pays for a bill.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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