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French to English translations [PRO]
Bus/Financial - Economics | | French term or phrase: taux de change nominal coté au certain | La dynamique de la dette serait alors relancée du fait de la dépréciation du taux de change nominal coté au certain.
What is the English translation for this term, please? |
| veratekKudoZ activityQuestions: 475 ( 2 open) ( 1 without valid answers) ( 14 closed without grading) Answers: 586
France
| | Local time: 02:35
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| | nominal exchange rate quoted in price notation | Explanation:
On Friday, EUR/USD in price notation = 1.3983; in volume notation = 0.71516. One is the reciprocal of the other.
If you think about why an exchange rate is described as 'certain' or 'incertain' in French depending on which currency is the numerator in the ratio, you'll understand the reasoning behind the convention. Linguistically, the equivalent English terms take a different slant entirely.
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Note added at 1 day7 hrs (2011-03-07 05:17:47 GMT)
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But "depreciation of currency X against currency Y" is understood *regardless* of how the exchange rate is quoted. In one case, the numerical value of the ratio goes down; in the other, it goes up. The writer is being needlessly fastidious about 'depréciation'. |
| Selected response from:
 rkillings
United States
Local time: 17:35
| Grading comment Thank you!
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The translation workplace 
