The phrase "currency equivalent" refers to the value of money expressed in a different currency. It is a way to compare and understand the worth of one currency in relation to another. Full definition
The app is priced $ 3.99 / $ 3.99 / # 3.99 or local currency equivalent. (inside-indie.org)
Again, due to its volatility, only a few businesses are currently prepared to accept bitcoin before they know details of the fiat currency equivalent. (cryptonews.com)
The first draft comprises a value in a second currency equivalent to the value of the first transfer. (links2exchange.net)