Nexxo
Reference currency
A stable currency used as the basis for recording and settling value.
What it means
A stable currency used as the basis for recording and settling value.
An everyday example
Record shared expenses against USD and convert to local currency when repaying.
Why it matters when splitting expenses
Agree the allocation rule, reference currency and settlement date with your group. Keeping these details visible helps avoid misunderstandings when expenses and repayments happen on different days.
