foreign exchange

noun

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

Example Sentences

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

Recent Examples on the Web

JPMorgan also sees positive impacts from cross-asset factors and intra-asset returns, especially within foreign exchange. —Jacob Wolinsky, Forbes, 28 Dec. 2022

Prior to Russia’s invasion of Ukraine, 80% of its daily foreign exchange transactions and half of its international trade were conducted in dollars. —Ari Redbord, Forbes, 27 Jan. 2023

Draghi, the former European Central Bank President credited with saving the euro during the continent’s sovereign debt crisis a decade ago, said Russia will internally settle the foreign exchange transaction itself, precluding a need to pay in rubles. —Christiaan Hetzner, Fortune, 1 Apr. 2022

Meanwhile, Pakistan saw its currency crash as foreign exchange reserves dwindled. —Jessie Yeung, CNN, 28 Mar. 2023

And while cryptocurrencies like bitcoin have since rebounded somewhat, Revolut CFO Mikko Salovaara said the bank is relying on a range of products—such as payments, and trading in equities and foreign exchange—to drive growth from here. —Josh Mitchell, WSJ, 1 Mar. 2023

By the start of March, Pakistan’s foreign exchange reserves dwindled to $3 billion—just enough for three weeks of imports. —Ananya Bhattacharya, Quartz, 21 Mar. 2023

The island nation of 22 million was rocked by weeks of unrest last year caused by crippling food, fuel and medicine shortages after its foreign exchange reserves plummeted to record lows, with dollars running out to pay for essential imports. —Mitchell Mccluskey, CNN, 20 Mar. 2023

Some analysts said Beijing’s apparent move to reassert state control of the economy could frighten investors, said Ken Cheung, chief Asian foreign exchange strategist at Mizuho Bank. —Laura He, CNN, 8 Mar. 2023

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Word History

First Known Use

1623, in the meaning defined at sense 1