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Current as of January 01, 2025 | Updated by Findlaw Staff
“Rate of exchange” means the rate at which money of one country may be converted into money of another country in a free financial market convenient to or reasonably usable by a person obligated to pay or to state a rate of conversion. If separate rates of exchange apply to different kinds of transactions, the term means the rate applicable to the particular transaction giving rise to the foreign-money claim.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 2. Civil Practice § 17.530. “Rate of exchange” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-2-civil-practice/nv-rev-st-17-530/
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