- Currency from another country. The New York Times Financial Glossary
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* * *Instruments used to make payments between countries.► See FX.
* * *foreign exchange UK US noun (ABBREVIATION forex) FINANCE► [U] the buying and selling of currencies: foreign exchange controls/intervention/restrictions »
The removal of foreign exchange controls allowed residents to purchase and hold foreign currency legally.foreign exchange trading/sales/transactions »
Hong Kong is one of the largest centres for foreign exchange trading.► [U] money that you get when you sell one currency and buy another: foreign exchange earnings/gains/losses »
The country's tourism industry accounts for 50% of its foreign exchange earnings.► (also foreign exchange market) a financial market in which foreign currencies are bought and sold: in/on the foreign exchanges »
The pound had a better day on the foreign exchanges, gaining more than a cent to $1.5828 against the dollar.
Financial and business terms. 2012.
Look at other dictionaries:
Foreign exchange — may refer to:* Exchanging money in one currency for another, traded on foreign exchange markets * Foreign exchange service (finance), a trading platform * Foreign exchange service (telecommunications), connection of a phone to a non local office… … Wikipedia
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foreign exchange — foreign exchanges 1) N PLURAL Foreign exchanges are the institutions or systems involved with changing one currency into another. On the foreign exchanges, the US dollar is up point forty five. 2) N UNCOUNT: oft N n Foreign exchange is used to… … English dictionary
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foreign exchange — n. 1. the transfer of credits to a foreign country to settle debts or accounts between residents of the home country and those of the foreign country 2. foreign bills, currencies, etc. used to settle such accounts … English World dictionary
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foreign exchange — ► NOUN ▪ the currency of other countries … English terms dictionary
foreign exchange — currency of another country. Abbreviated forex. Bloomberg Financial Dictionary foreign exchange ( FX) An over the counter market where buyers and sellers conduct foreign exchange transactions. Also called foreign exchange market. GU=Give up Trade … Financial and business terms
Foreign Exchange — The exchange of one currency for another, or the conversion of one currency into another currency. Foreign exchange also refers to the global market where currencies are traded virtually around the clock. The term foreign exchange is usually… … Investment dictionary
foreign exchange — FOREX; = FX The currencies of foreign countries, as bought and sold on a foreign exchange market. The foreign exchange spot market caters for transactions in which the two currencies are exchanged usually within two business days. The forward… … Accounting dictionary