Definition of “foreign exchange” - English Dictionary

(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 foreign exchange controls allowed residents to purchase and hold foreign currency legally.
foreign exchange trading/sales/transactions Hong Kong is one of the largest centres for foreign exchange trading.

[ U ] money that you get when you sell one currency and buy another:

foreign exchange earnings/gains/losses The country's tourism industry accounts for 50% of its foreign exchange earnings.

also foreign exchange market a financial market in which foreign currencies are bought and sold:

in/on the foreign exchanges The pound had a better day on the foreign exchanges, gaining more than a cent to $1.5828 against the dollar.

(Definition of “foreign exchange” from the Cambridge Business English Dictionary © Cambridge University Press)

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