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kurs bazowy

English translation: base (exchange) rate

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Polish term or phrase:	kurs bazowy
English translation:	base (exchange) rate
Entered by:	Michał Kraska

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15:43 Dec 4, 2011

Polish to English translations [PRO]
Bus/Financial - Finance (general)

Polish term or phrase: kurs bazowy

Kurs kupna waluty obcej = 2 x Kurs Bazowy / (2 + Spread Walutowy wyrażony w procentach).

Michał Kraska KudoZ activity Questions: 99 (6 open) (1 without valid answers) (8 closed without grading) Answers: 12 Poland
Local time: 06:39

base (exchange) rate

Explanation:
The base exchange rate for a foreign currency for a foreign exchange period is the average (calculated to 4 decimal places) of the actual market exchange rates available on each working day of the first month of the year to start during the immediately preceding foreign exchange period.
http://www.austlii.edu.au/au/legis/cth/consol_act/vea1986261...