17.530 - “Rate of exchange” defined. - Nevada Statutes

17.530  “Rate of exchange” defined.  “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.

      (Added to NRS by 1993, 194)