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foreign exchange

[fawr-in iks-cheynj, for-]

Phonetic (Standard)IPA

noun

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

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

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.)

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Word History and Origins

Origin of foreign exchange¹

First recorded in 1685–95

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Example Sentences

Examples have not been reviewed.

The remittance tax could squeeze Indian household budgets, dampen consumption and investment, and undermine one of India's steadiest sources of foreign exchange, warns a brief by the Delhi-based Centre for WTO Studies.

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An official memo seen by BBC's US partner CBS ordered a temporary pause in appointments as the state department prepares to increase social media vetting of applicants for student and foreign exchange visas.

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The message said social media vetting would be stepped up for student and foreign exchange visas, which would have "significant implications" for embassies and consulates.

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Bloomberg reported that more than half of the top holders used foreign exchanges, suggesting they are based outside the U.S.

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Bloomberg reports that more than half of the top holders used foreign exchanges, suggesting they are based outside the U.S.

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foreigner foreign-flag

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