foreign exchange

noun

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.

First Known Use of foreign exchange

1691


FOREIGN EXCHANGE Defined for English Language Learners

foreign exchange

noun

Definition of foreign exchange for English Language Learners

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

  • : money from foreign countries


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