Foreign Currency Transactions
What Are Foreign Currency Transactions?
Transactions that are denominated in foreign currency. For example, a U.S. firm makes a sale to an overseas firm and agrees to accept payment in foreign currency, or a purchase is made from an overseas firm and payment must be made in the foreign currency.
About the Author
True Tamplin, BSc, CEPF®
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True is a Certified Educator in Personal Finance (CEPF®), contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.