Simple Definition of foreign exchange
: the process by which people in different countries pay each other by exchanging different types of money
: money from foreign countries
Full Definition of foreign exchange
1 : a process of settling accounts or debts between persons residing in different countries
2 : foreign currency or current short-term credit instruments payable in such currency
Examples of foreign exchange in a sentence
Our country has to export more in order to earn more foreign exchange.
First Known Use of foreign exchange
Learn More about foreign exchange
Britannica.com: Encyclopedia article about foreign exchange
Seen and Heard
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