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KNOWLEDGE BASE

Grain Glossary

Get an overview of financial terms and their definitions.

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Xenocurrency

A xenocurrency is a currency deposited or exchanged outside its country of origin. The term "eurocurrency" or "foreign currency" is more commonly used today. Due to globalization of supply chains and financial markets, these types of currency transactions have become increasingly common.


Xero currency rates At midnight, the official rate of the day (or mid-market rate) is determined. The exchange rates in Xero are rounded to six significant figures, including decimal places. Variances can occur if the actual exchange rate has more than this.

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