foreign exchange

foreign exchange
1. commercial paper drawn on a person or corporation in a foreign nation.
2. the process of balancing accounts in commercial transactions between business organizations of different nations.

* * *

Purchase or sale of one national currency in exchange for another nation's currency, usually conducted in a market setting.

Foreign exchange makes possible international transactions such as imports and exports and the movement of capital between countries. The value of one foreign currency in relation to another is defined by the exchange rate.

* * *

Universalium. 2010.

Игры ⚽ Поможем написать реферат

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

  • foreign exchange — foreign ex change n 1.) [U] used to talk about buying and selling foreign money foreign exchange markets/rates/transactions etc ▪ The dollar is expected to fall in the foreign exchange markets. 2.) [U] foreign money, especially money obtained by… …   Dictionary of contemporary English

  • 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

  • Foreign Exchange — Groupe de rap américain composé en 2002 et formé de deux membres: Phonte, le MC, également membre d un autre groupe de rap, Little Brother, et Nicolay, un producteur hollandais, qui est souvent comparé à Pete Rock. Little Brother était d ailleurs …   Wikipédia en Français

  • 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

  • Foreign exchange —   Foreign exchange are transactions which causes a change in a foreign currency position of the bank. Also known as FX or forex …   International financial encyclopaedia

  • 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 — Currency from another country. The New York Times Financial Glossary * * * foreign exchange foreign exchange ➔ exchange1 * * *    Instruments used to make payments between countries.    ► See FX. * * * foreign exchange UK US noun (ABBREVIA …   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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”