trading currency vs transaction currency

Both 'trading currency' and 'transaction currency' are correct, but they are used in different contexts. 'Trading currency' refers to the currency used in trading activities, while 'transaction currency' refers to the currency used in financial transactions.

Last updated: March 27, 2024 • 733 views

This phrase is correct and commonly used in the context of trading activities.

"trading currency"

This phrase refers to the currency that is used in trading activities, such as buying and selling stocks, commodities, or foreign exchange.

Examples:

The trading currency for this stock is the US dollar.
Investors need to be aware of the trading currency when trading in international markets.

Show examples from the web [+]

(f) asset items constituting claims on and other exposures to institutions, provided that these exposures do not constitute such institutions' own funds, do not last longer than the following business day and are not denominated in a major trading currency.
Points out that the increasing use of the euro as an international trading currency is benefiting the Member States in the euro area in particular, since it reduces the exchange rate risks for their undertakings and hence the cost of international trade;
Trading currency. The underlying currency in which this investment trades on its market.
So the euro is bound to grow and its use is bound to become more widespread as a trading currency and a payment currency and, also, a reserve currency.
asset items constituting claims on and other exposures to institutions, provided that those exposures do not constitute such institutions' own funds, do not last longer than the following business day and are not denominated in a major trading currency;
Points out that the increasing use of the euro as an international trading currency is benefiting the Member States in the euro area in particular, since it reduces the exchange rate risks for their undertakings and hence the cost of international trade;

Alternatives:

currency for trading
currency used in trading

This phrase is correct and commonly used in the context of financial transactions.

"transaction currency"

This phrase refers to the currency that is used in financial transactions, such as payments, transfers, or settlements.

Examples:

The transaction currency for this payment is the euro.
When traveling abroad, you may need to exchange your local currency for the transaction currency of the country you are visiting.

Show examples from the web [+]

Chapter 3 Common provisions Article 39 Transaction currency and currency conversion 1.
Article 39 Transaction currency and currency conversion
Furthermore, a verification procedure must be established in the Member States which, although they do not belong to the euro area, nonetheless accept euros as a transaction currency.
Member States which do not belong to the euro area must guarantee the authenticity of the euro when it is used on their territory as a transaction currency.
(3a) The authenticity of euros must be guaranteed throughout the European Union, including in those Member States which do not belong to the euro area and those in which euros are used as a transaction currency.
The authenticity of euros must be guaranteed throughout the European Union, including in those Member States which do not belong to the euro area and those in which euros are used as a transaction currency.
A strong stance should also be taken against continuing to allow agricultural products to serve as a 'transaction currency' for commercial advantages at other levels.
The euro currency is already an international reserve and a transaction currency.
The euro is already an international reserve and transaction currency and will in future be so to a much greater extent.
The international dimension of the euro and its use as a reserve and transaction currency has been gradually expanding as regional and global integration proceed further.

Alternatives:

currency for transactions
currency used in transactions

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trading currency vs transaction currency