foreign currency account or FX account

English translation: foreign currency account - the account is denominated not in the local currency

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	foreign currency account or FX account
Selected answer:	foreign currency account - the account is denominated not in the local currency
Entered by:	#41698 (LSF)

14:20 Oct 17, 2002

English language (monolingual) [PRO]
Bus/Financial - Finance (general) / banking

English term or phrase: foreign currency account or FX account

Sorry, I should know this, but I am increasingly uncertain which one is correct: this is about current accounts held with a bank and denominated in a currency different from the national one. Which one is the right one:
- a currency account,
- a foreign currency account or
- a foreign exchange account?

TIA, Eva

Eva Blanar KudoZ activity Questions: 1537 (1 open) (9 without valid answers) (9 closed without grading) Answers: 2777 Hungary
Local time: 15:47

foreign currency account

Explanation:
1. foreign currency account - the account is denominated not in the local currency.

2. foreign exchange - about currency exchange electronic or otherwise

3. savings account - without checking facility

4. current account - checking account

5. fixed deposit - can only withdraw upon maturity date

Selected response from:

#41698 (LSF)
Malaysia
Local time: 21:47

Grading comment

Thanks to all, it's a relief to KNOW!
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +4

foreign currency account

#41698 (LSF)

5 +1

Foreign Currency Account

Patricia CASEY

FX account

Berni Armstrong

Answers

10 mins confidence:

FX account

Explanation:
I believe these are known as Foreign Exchange Accounts. But it sounds terribly pre-war so maybe some people have coined a different option these days.

Berni Armstrong
Spain
Local time: 15:47
Native speaker of:

English

10 mins confidence:

peer agreement (net): +4

foreign currency account

#41698 (LSF)
Malaysia
Local time: 21:47
Native speaker of:

English
PRO pts in category: 4

Grading comment

Thanks to all, it's a relief to KNOW!

13 mins confidence:

peer agreement (net): +1

Foreign Currency Account

Explanation:
Foreign Currency Account

Internet Banking

ANZ E*TRADE

online@anz

A Foreign Currency Account may be denominated in any major currency, enabling international trading companies to manage their foreign currency transactions more effectively.

Patricia CASEY
United Kingdom
Local time: 14:47
Works in field
Native speaker of:

Spanish

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