The term "local currency terms" refers to a situation where payment is made in the local currency of the country or region where the transaction takes place, rather than being converted into another currency. Full definition
When we look back over the past three years, investors have earned remarkably similar returns in local currency terms in very different parts of the world. (schroders.com)
At the same time, Japanese stocks jumped 30 % in local currency terms. (blackrockblog.com)
Gross dollar volume jumped 15 % in local currency terms compared to 9 % growth domestically, and purchase volume growth showed a similar 15 % to 10 % comparison. (fool.com)