Meaning of the word "foreign currency account" in English
What does "foreign currency account" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
foreign currency account
US /ˈfɔːrən ˈkɜːrənsi əˈkaʊnt/
UK /ˈfɔːrən ˈkɜːrənsi əˈkaʊnt/
Noun
1.
a bank account that holds money in a currency other than the local currency of the country where the account is held
Example:
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Many international businesses use a foreign currency account to manage their transactions.
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Opening a foreign currency account can help avoid exchange rate fluctuations.
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