Glossary entry (derived from question below)
French term or phrase:
taux de change nominal coté au certain
English translation:
nominal exchange rate quoted in price notation
Added to glossary by
veratek
Mar 5, 2011 21:43
13 yrs ago
5 viewers *
French term
taux de change nominal coté au certain
French to English
Bus/Financial
Economics
La dynamique de la dette serait alors relancée du fait de la dépréciation du taux de change nominal coté au certain.
What is the English translation for this term, please?
What is the English translation for this term, please?
Proposed translations
(English)
| 5 | nominal exchange rate quoted in price notation |
rkillings
|
| 4 | indirect quote |
CristianaC
|
| 3 | nominal exchange rate in foreign currency |
cc in nyc
|
Proposed translations
1 day 7 hrs
Selected
nominal exchange rate quoted in price notation
On Friday, EUR/USD in price notation = 1.3983; in volume notation = 0.71516. One is the reciprocal of the other.
If you think about why an exchange rate is described as 'certain' or 'incertain' in French depending on which currency is the numerator in the ratio, you'll understand the reasoning behind the convention. Linguistically, the equivalent English terms take a different slant entirely.
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Note added at 1 day7 hrs (2011-03-07 05:17:47 GMT)
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But "depreciation of currency X against currency Y" is understood *regardless* of how the exchange rate is quoted. In one case, the numerical value of the ratio goes down; in the other, it goes up. The writer is being needlessly fastidious about 'depréciation'.
If you think about why an exchange rate is described as 'certain' or 'incertain' in French depending on which currency is the numerator in the ratio, you'll understand the reasoning behind the convention. Linguistically, the equivalent English terms take a different slant entirely.
--------------------------------------------------
Note added at 1 day7 hrs (2011-03-07 05:17:47 GMT)
--------------------------------------------------
But "depreciation of currency X against currency Y" is understood *regardless* of how the exchange rate is quoted. In one case, the numerical value of the ratio goes down; in the other, it goes up. The writer is being needlessly fastidious about 'depréciation'.
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
5 hrs
nominal exchange rate in foreign currency
"La cotation au certain: Une unité de la monnaie locale est exprimée en n unités d'une devise étrangère." So "coté au certain" indicates, I think, that in this case the exchange rate is given for the price of local money in foreign currency (rather than the other way around).
10 hrs
CristianaC
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Finance-legal specialist- Ivy League MBA
Native in: Italian 
, English
Works in: English to Italian, Italian to English, French to Italian, and 2 more.
Related KudoZ points
:
12
indirect quote
I agree with cc definition but
I think in English you also speak about direct and indirect quote
from investopedia:
What Does Indirect Quote Mean?
A foreign exchange rate quoted as the foreign currency per unit of the domestic currency. In an indirect quote, the foreign currency is a variable amount and the domestic currency is fixed at one unit.
I think in English you also speak about direct and indirect quote
from investopedia:
What Does Indirect Quote Mean?
A foreign exchange rate quoted as the foreign currency per unit of the domestic currency. In an indirect quote, the foreign currency is a variable amount and the domestic currency is fixed at one unit.
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