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Showing results for foreign exchange. Search instead for foreign+exchange.
Synonyms

foreign exchange

American  
[fawr-in iks-cheynj, for-] / ˈfɔr ɪn ɪksˈtʃeɪndʒ, ˈfɒr- /

noun

  1. commercial paper drawn on a person or corporation in a foreign nation. FX

  2. the process of balancing accounts in commercial transactions between business organizations of different nations. FX

foreign exchange British  

noun

  1. the system by which one currency is converted into another, enabling international transactions to take place without the physical transportation of gold

  2. foreign bills and currencies

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
foreign exchange Cultural  

  1. 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.)

Etymology

Origin of foreign exchange

First recorded in 1685–95

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.