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Foreign Currency Exchange Voucher means a voucher issued to record the details of foreign currency exchanges.

The base currency of the company is the same as the transaction currency of the voucher; therefore, the voucher is domestic. A voucher is a foreign currency transaction when the transaction currency that you assign to it is different from the base currency of the company that you enter on the voucher record.

A foreign currency is the currency used by a foreign country as its recognized form of monetary exchange. This particular currency is the only form of exchange that the applicable government allows to be used for buying and selling within its borders.

Meaning of domestic currency in English the currency that is used in someone's own country: The primary goal for monetary policy is keeping the value of the domestic currency stable. A stronger currency typically reduces the price of imports in domestic currency terms.

Where Can You Exchange Currency? Banks, credit unions, and online currency exchange bureaus and converters provide convenient and often inexpensive currency exchange services. Also, your own bank's overseas ATM or a foreign bank's are ways to get local currency with a credit card or ATM card once you have arrived.

A local currency is the currency most commonly used within a country. This is usually the national currency. Thus, the U.S. dollar might be accepted in the United Kingdom, but the local currency there is the pound, since that is the national currency and the currency in which most transactions are settled.

Payment Vouchers are used to record payments owed to Vendors and to maintain payment history. Once posted, they can be added to Checks or Quick Checks for processing and printing checks.