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functional currency code ECON

functional-currency equivalent ECON

functional currency unit N COMPUT

Monolingual examples (not verified by PONS Editors)

English
This transaction occurs when a taxpayer enters into or acquires any debt instrument, forward contract, futures contract, option, or similar financial instrument held in a non-functional currency.
en.wikipedia.org
Transactions are often translated at the spot rate, i.e., the rate of exchange between the transaction currency and the functional currency on the date of the transaction.
en.wikipedia.org

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