View synonyms for

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.

That's because it is the world's primary reserve currency, meaning it is held by central banks around the world in large quantities as part of their foreign exchange reserves.

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The resulting foreign exchange shortages led to even tighter import controls, creating a vicious cycle that stifled growth.

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But with foreign exchange difficulties and stricter visa regulations, studying abroad is becoming increasingly challenging - and universities that rely on higher international tuition fees appear to be suffering.

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Tea is one of Kenya's most significant foreign exchange earners, and this move is expected to disrupt both trade flows and the broader economy.

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Shares of Samsung, Hyundai and national banks fell sharply, as did the South Korean won, but recovered after the finance ministry, central bank and regulatory agencies pledged “unlimited” support to stabilize the foreign exchange market.

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Related Words

convertibility

foreigner foreign-flag

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