Meaning of “currency effect” in the English Dictionary

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"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)