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A random vector \\(Y\\) has an asymmetric Laplace (AL) distribution in \\(\\mathbb R^{d}\\) if and only if geometric compounds \\(a_{p}\\sum_{j=1}^{v_{p}}(X^{j}+b_{p})\\), where i.i.d. random vectors \\(X^{i}\\) have finite variance, converge in distribution to \\(Y\\) as \\(p\\to 0\\). If \\(X^{i}\\) have mean vector \\(m\\) and covariance matrix \\(\\Sigma\\), then the limiting random vector \\(Y\\) has the characteristic function \\(\\Psi(t)=\\left[1+{1\\over 2}t'\\Sigma t-it'm \\right]^{-1}\\). We use the notation AL\\(_{d}(\\Sigma,m)\\) for the distribution given by the previous characteristic function. Let \\(Y\\sim\\text{AL}_{d}(\\Sigma,m)\\) and \\(X\\sim N_{d}(0,\\Sigma)\\). Let \\(Z\\) be an exponentially distributed random variable with mean 1, independent of \\(X\\). Then the following representation holds: \\(Y=mZ+Z^{1/2}X\\). The main properties of AL laws are presented without proofs. The authors apply the AL model to the currency exchange rates data, showing good fit of this model. 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