foreign exchange

SEE SYNONYMS FOR foreign exchange ON THESAURUS.COM

noun

commercial paper drawn on a person or corporation in a foreign nation.
the process of balancing accounts in commercial transactions between business organizations of different nations.

Origin of foreign exchange

First recorded in 1685–95

Words nearby foreign exchange

foreign bill, foreign body, foreign body granuloma, foreign commerce, foreign correspondent, foreign exchange, foreign legion, foreign minister, foreign mission, foreign office, foreign policy

Words related to foreign exchange

FX, Forex

British Dictionary definitions for foreign exchange

foreign exchange

noun

the system by which one currency is converted into another, enabling international transactions to take place without the physical transportation of gold
foreign bills and currencies

Cultural definitions for foreign exchange

foreign exchange

The ways in which debts between two nations that use different currencies are paid. Foreign exchange rates can have an important effect on a nation's economy, because the value of its currency in other countries affects the cost of both imported and exported goods and services. (See balance of payments.)