TeachMeFinance.com - explain Movable exchange
Movable exchange -- If foreign exchange is quoted and also
is payable in the money of the country where collection is to
be made it is called movable exchange. For instance, exchange
on Paris is quoted in francs in New York and is
therefore movable exchange. The dollar is the basis and the
franc fluctuates instead of the dollar in which it is reckoned.
The opposite of movable exchange is fixed exchange ; see
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