Foreign Exchange Definition
noun
Transaction of international monetary business, as between governments or businesses of different countries.
American Heritage
The transfer of credits to a foreign country to settle debts or accounts between residents of the home country and those of the foreign country.
Webster's New World
Foreign bills, currencies, etc. used to settle such accounts.
Webster's New World
Other Word Forms of Foreign Exchange
Noun
Singular:
foreign exchange
Plural:
foreign-exchanges
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