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foreign exchange

commercial paper drawn on a person or corporation in a foreign nation.
the process of balancing accounts in commercial transactions between business organizations of different nations.
Origin of foreign exchange
First recorded in 1685-95 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for foreign exchange
Contemporary Examples
Historical Examples
  • Each nation has a bureau of foreign exchange, which manages its trading.

    Looking Backward Edward Bellamy
  • foreign exchange proceeds must be surrendered to the Bank of Greece.

    East-West Trade Trends Harold E. Stassen
  • Lastly, what is the effect upon international commerce of the constant play of the Par of foreign exchange.

    Principles of Political Economy

    Arthur Latham Perry
  • If foreign exchange suddenly rose several cents, while imports and exports remained the same, to what causes might it be due?

  • To effect this purpose, large means were necessary, and to procure these, resort was had to the sale of foreign exchange.

  • foreign exchange performs many of these functions of money in European countries, particularly Austria-Hungary.

    The Value of Money Benjamin M. Anderson, Jr.
  • 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 Value of Money Benjamin M. Anderson, Jr.
  • Dealings among banks in these items and in foreign exchange are exceedingly important.

    The Value of Money Benjamin M. Anderson, Jr.
  • Foreign trade and foreign exchange in Egypt are under official control.

    East-West Trade Trends Harold E. Stassen
British Dictionary definitions for foreign exchange

foreign exchange

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
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
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foreign exchange in Culture

foreign exchange definition

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.)

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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