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
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Related Words for foreign exchangeFX
British Dictionary definitions for 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
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foreign exchange in Culture
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
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