Exchange Rate Variance definition
Exchange Rate Variance as of any date of determination, the result (expressed as an absolute value percentage) of (i) the remainder of (x) the Actual Exchange Rate minus (y) the Deemed Rate divided by (ii) the Actual Exchange Rate.
Examples of Exchange Rate Variance in a sentence
You hereby agree and understand that the exchange rate between US and Canadian dollars may vary either in your favour or in Xenon’s favour (the “Exchange Rate Variance”), and you accept that such Exchange Rate Variance is an accepted term and condition of your employment.