NRS 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.

Source: Section 17.530 — “Rate of exchange” defined., https://www.leg.state.nv.us/NRS/NRS-017.html#NRS017Sec530.

17.410
Short title 17.420
Scope and applicability. 17.430
Definitions. 17.440
“Action” defined. 17.450
“Bank-offered spot rate” defined. 17.460
“Date of conversion” defined. 17.470
“Distributive proceeding” defined. 17.480
“Foreign money” defined. 17.490
“Foreign-money claim” defined. 17.500
“Money” defined. 17.510
“Money of the claim” defined. 17.520
“Person” defined. 17.530
“Rate of exchange” defined. 17.540
“Spot rate” defined. 17.550
“State” defined. 17.560
Variation by agreement. 17.570
Determining money of the claim. 17.580
Determining amount of money of certain contract claims. 17.590
Asserting and defending foreign-money claim. 17.600
Judgments and awards on foreign-money claims 17.610
Conversion of foreign money in distributive proceeding. 17.620
Prejudgment and judgment interest. 17.630
Enforcement of foreign judgments. 17.640
Determining United States dollar value of foreign-money claims for limited purposes. 17.650
Effect of currency revalorization. 17.660
Supplementary general principles of law.

Last Updated

Jun. 24, 2021

§ 17.530’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_17.530

Original Source: Section 17.530 — “Rate of exchange” defined., https://www.leg.state.nv.us/NRS/NRS-017.html#NRS017Sec530 (last accessed Jun. 24, 2021).