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foreign exchange
[ fawr-in iks-cheynj, for- ]
noun
- commercial paper drawn on a person or corporation in a foreign nation. : FX
- the process of balancing accounts in commercial transactions between business organizations of different nations. : FX
foreign exchange
noun
- the system by which one currency is converted into another, enabling international transactions to take place without the physical transportation of gold
- foreign bills and currencies
foreign exchange
- The ways in which debts between two nations that use different currencies are paid. Foreign exchange rates can have an important effect on a nation's economy, because the value of its currency in other countries affects the cost of both imported and exported goods and services . ( See balance of payments .)
˜yÐÄvlog History and Origins
Origin of foreign exchange1
Example Sentences
But with foreign exchange difficulties and stricter visa regulations, studying abroad is becoming increasingly challenging - and universities that rely on higher international tuition fees appear to be suffering.
Tea is one of Kenya's most significant foreign exchange earners, and this move is expected to disrupt both trade flows and the broader economy.
Shares of Samsung, Hyundai and national banks fell sharply, as did the South Korean won, but recovered after the finance ministry, central bank and regulatory agencies pledged “unlimited†support to stabilize the foreign exchange market.
Its accounts are quick to open and offer competitive foreign exchange rates in an easy-to-use app.
British GPs, staff at foreign exchange firm Travelex, medics at Rouen hospital in France and employees of Lincolnshire County Council have all experienced this.
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