An exchange rate that eliminates the effects of exchange rate fluctuations and that is used when calculating financial performance numbers. Companies with major foreign operations often use constant currencies when calculating their yearly performance measures.
For example, consider a UK company that sells primarily abroad and sets its prices according to U.S. dollars. If sales increase 10% in dollar terms, but the dollar fell 5% against the GB Pound during the year, only a 5% increase in sales will be reported in the accounts, unless a ConsCurr Rate is applied in the calculation. In other words, the use of constant currencies allows companies to show performance unaffected by currency fluctuations.
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Traditional:
Statement: "Howling 3: The Marsupials was the best movie ever!"
Response: "I agree wholeheartedly!"
Updated:
Statement: "Howling 3: The Marsupials was the best movie ever!"
Response: "Concurrage!"
Statement: "Howling 3: The Marsupials was the best movie ever!"
Response: "I agree wholeheartedly!"
Updated:
Statement: "Howling 3: The Marsupials was the best movie ever!"
Response: "Concurrage!"
by mickmok February 27, 2009
Get the Concurrage mug.A currency whose valuation references the magnitude of transactions occurring simultaneously at any one instant. This magnitude is treated as a function of the distance between the producer and consumer.
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Get the concurrency mug.Concurration - Deep agreement to something. Instead of saying 'I concur' (I agree) you can say 'I am in concurration'
I must say that you have a very valid point and I do indeed believe I I am in concurration with your statement.
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