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 in a Sentence

Our country has to export more in order to earn more foreign exchange.
Recent Examples on the Web The central bank has introduced new regulations limiting access to foreign exchange, including barring firms from using third parties and agents to import goods. Tope Alake, Bloomberg.com, "Nigeria Regulator Dollar Sales Fails to Stop Naira Weakening," 13 Nov. 2020 Ultimately, foreign exchange pressures will not abate until Argentina presents a credible path to sustainable fiscal accounts, argued Mr Czerwonko [the chief investment officer for emerging markets in the Americas at UBS Global Wealth Management]. Andrew Stuttaford, National Review, "The Capital Note: Amazon Damned (by the EU)," 10 Nov. 2020 These issues are particularly stark in Nigeria’s flailing economy where the local naira currency continues to slump against the dollar, leading to shortages of foreign exchange and recurring restrictions on forex transactions by the government. Yomi Kazeem, Quartz Africa, "Regulators in Africa’s big economies are scrambling to get on top of a spike in cryptocurrency trade," 22 Sep. 2020 Terence Wu, a foreign exchange strategist at OCBC Bank in Singapore, said that the currency would likely be driven by other factors, such as whether China's economic recovery can remain on track. Laura He, CNN, "China's yuan has its worst fall in years on fears of renewed US tension," 4 Nov. 2020 On Monday, Mr Ma, together with Eric Jing and Simon Hu, Ant’s chief executive and chairman, were called in by the People’s Bank of China, as well as China’s banking, securities and foreign exchange regulators. Andrew Stuttaford, National Review, "The Capital Note: Betting on a Biden Binge," 3 Nov. 2020 In addition to being a foreign exchange student host, Bray is the regional manager for the southwest division of Ayusa. Claire Goodman, Chron, "Foreign exchange students find temporary home, forever family through program," 27 Oct. 2020 Both are distantly behind the U.K., reflecting London’s position as the world’s dominant center for foreign exchange trading. Mike Bird, WSJ, "How the World’s Dullest Market Quietly Created a Synthetic Dollar Empire," 25 Sep. 2020 Jan and Alex Ober also served as host parents when women’s basketball standout and foreign exchange student Liv Storer, an Australia native, came to the Hill four years ago. Pat Stoetzer, baltimoresun.com/maryland/carroll, "For McDaniel’s Alumnus of the Year, Alex Ober, college made ‘all the difference in his life’," 21 Oct. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'foreign exchange.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of foreign exchange

1691, in the meaning defined at sense 1

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Time Traveler for foreign exchange

Time Traveler

The first known use of foreign exchange was in 1691

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Statistics for foreign exchange

Last Updated

19 Nov 2020

Cite this Entry

“Foreign exchange.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreign%20exchange. Accessed 25 Nov. 2020.

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More Definitions for foreign exchange

foreign exchange

noun

English Language Learners Definition of foreign exchange

finance
: the process by which people in different countries pay each other by exchanging different types of money
: money from foreign countries

More from Merriam-Webster on foreign exchange

Britannica.com: Encyclopedia article about foreign exchange

Comments on foreign exchange

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