Foreign exchange

Currency from another country. The New York Times Financial Glossary

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   Instruments used to make payments between countries.
   ► See FX.

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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:

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