foreign exchange Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “foreign exchange” in the English Dictionary

"foreign exchange" in British English

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foreign exchangenoun [C usually singular]

uk   us  
the ​system by which the ​type of ​money used in one ​country is ​exchanged for another country's ​money, making ​internationaltradeeasier: On the foreign-exchange ​markets the ​poundremainedstrong.
(Definition of foreign exchange from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"foreign exchange" in Business English

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foreign exchangenoun

uk   us   ( abbreviation forex) FINANCE
[U] the ​buying and ​selling of ​currencies: foreign exchange controls/intervention/restrictions The ​removal of ​foreignexchangecontrolsallowedresidents to ​purchase and ​holdforeigncurrencylegally.foreign exchange trading/sales/transactions Hong Kong is one of the largest ​centres for ​foreignexchangetrading.
[U] money that you get when you ​sell one ​currency and ​buy another: foreign exchange earnings/gains/losses The country's ​tourismindustryaccounts for 50% of its ​foreignexchangeearnings.
(also foreign exchange market) a ​financialmarket in which ​foreigncurrencies are ​bought and ​sold: in/on the foreign exchanges The ​pound had a better day on the ​foreignexchanges, ​gaining more than a ​cent to $1.5828 against the ​dollar.
(Definition of foreign exchange from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “foreign exchange”
in Chinese (Simplified) 国际汇兑…
in Chinese (Traditional) 國際匯兌…
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“foreign exchange” in Business English

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