currency effect
noun[C]
ukusanincreaseordecreasein thevalueof aforeigninvestmentor of somethingboughtorsoldin aforeigncountrycausedby achangein theexchangerate(= therateat which thecurrencyof onecountrycan bechangedfor thecurrencyof anothercountry):
Sales would haveincreased6% thisquarterbut forcurrencyeffects.