“They get paid for their oil in dollars,” said David Solin, a partner at foreign exchange Analytics in Essex, Connecticut.
In the case of a currency loan the borrower knows nothing about the foreign exchange transaction.
Each nation has a bureau of foreign exchange, which manages its trading.
For balance-of-payments reasons, Japan closely controls its receipts and expenditures of foreign exchange.
Lastly, what is the effect upon international commerce of the constant play of the Par of foreign exchange.
It is quite in order that we should follow lessons on the clearing-house and commercial drafts with a lesson on foreign exchange.
To effect this purpose, large means were necessary, and to procure these, resort was had to the sale of foreign exchange.
Freights and insurance are responsible for a fourth important source of demand for foreign exchange.
Foreign trade and foreign exchange in Egypt are under official control.
Commonly, the holder of a note of the Austro-Hungarian Bank does not ask for it to be redeemed in gold, but in 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.)