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foreign exchange

noun

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

Source: Merriam-Webster's Learner's Dictionary

Full Definition of foreign exchange

  1. 1 :  a process of settling accounts or debts between persons residing in different countries

  2. 2 :  foreign currency or current short-term credit instruments payable in such currency

Examples of foreign exchange in a sentence

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



1691

First Known Use of foreign exchange

1691


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