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

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

Meanwhile, Ethiopia’s economy has been ravaged by rampant inflation, foreign exchange shortages, and widespread food insecurity. —Alex De Waal, Foreign Affairs, 8 Apr. 2024

Argentina’s foreign exchange reserves hovered around $50 billion dollars, while all the plaintiffs were collectively owed over $10 billion dollars and the injunction request was being made with respect to a subset of cases on which only a few billion dollars were owed. —Gregory Makoff, Fortune, 9 Mar. 2024

The Asian island is struggling with its worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange. —Fox News, 15 Aug. 2023

Wee also diversified into other product areas like trade finance and foreign exchange. —Chanyaporn Chanjaroen, Fortune, 4 Feb. 2024

Despite the growth in sales, the company’s profits still dropped 5% in 2023, owing to greater spending on new initiatives and foreign exchange impacts, Lego said. —Prarthana Prakash, Fortune Europe, 12 Mar. 2024

So it is easily affected by external shocks such as the parallel foreign exchange market that determines the price of goods and services. —Chinedu Asadu, The Christian Science Monitor, 20 Feb. 2024

At the same time, macroeconomic pressures such as inflation and foreign exchange rates are also dragging on Herbalife earnings. —Carmen Reinicke, Fortune, 16 Feb. 2024

The Lasers also have received some unexpected reinforcement from French foreign exchange student Nathan Vuillaume, who was unknown to his coach until just before the season. —Michael Whitlow, Journal Sentinel, 2 Feb. 2024

Word History

First Known Use

1623, in the meaning defined at sense 1