foreign exchange

foreign exchange

noun

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

1. Our country has to export more in order to earn more foreign exchange.

First Known Use of FOREIGN EXCHANGE

1691

Rhymes with FOREIGN EXCHANGE

Alaska Range, Aleutian Range, dynamic range, radio range