forex

/ ˈfɒrɛks /

noun

1. short for foreign exchange

Example Sentences

The latest quarter included foreign-exchange losses of $55 million, in contrast to a forex gain of $14 million a year earlier.

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Stablecoins may facilitate cross-border payments but Butchart still reckons “if you ultimately want to send fiat currency, you’d still incur cost and friction in the on- and off-ramps and forex conversion.”

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“As the Fed resumes its easing cycle, previous episodes of cutting whilst the U.S. economy avoided a recession points us to a weaker USD, making the bar high to beat,” Paul Mackel, HSBC’s global head of forex research, says in a note.

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The high inflation rate has partly been put down to a shortage of foreign currency - known as "forex" - in the banks.

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"There is a lot happening, especially concerning about forex, unemployment," Rachel Chaguza, a 26-year-old university graduate who sells flowers, told AFP after voting.

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Related Words

• convertibility www.thesaurus.com