foreign exchange
"Foreign exchange" plays a crucial role in global trade and investment, involving the trading of currencies and determining exchange rates.
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Definition
B2Finance
(technical, academic)The process of converting one country's currency into another country's currency.
Example
- Travelers often need to engage in foreign exchange when visiting a different country.
C1Economics
(technical, academic)The global market where currencies are traded, determining the exchange rates between them.
Example
- The foreign exchange market operates 24 hours a day, five days a week.
Similar
Terms that have similar or relatively close meanings to "foreign exchange":
foreign exchange certificatemoney changerstock exchangein exchangetelephone exchangepart exchange