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
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
What made you want to look up foreign exchange? Please tell us where you read or heard it (including the quote, if possible).