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Meaning of “currency effect” in the English Dictionary

"currency effect" in Business English

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currency effectnoun [C]

uk   us  
an increase or decrease in the value of a foreign investment or of something bought or sold in a foreign country caused by a change in the exchange rate (= the rate at which the currency of one country can be changed for the currency of another country): Sales would have increased 6% this quarter but for currency effects.
(Definition of currency effect from the Cambridge Business English Dictionary © Cambridge University Press)
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