Definition of foreign exchange in English:

foreign exchange

Syllabification: for·eign ex·change

noun

  • 1The currency of other countries.
    More example sentences
    • The euro has made the management of foreign exchange much easier in the case of exporters and importers to and from the eurozone.
    • This is because, as with fuel, more than 70 percent of power production costs are specified in foreign exchange.
    • Of the six largest forms of international trade, only three are legal: the speculation in foreign exchange, the sale of oil and of coffee.
  • 1.1An institution or system for dealing in the currency of other countries.
    More example sentences
    • It emerged yesterday that those responsible for making the wrong submissions to the Central Bank on foreign exchanges may not be named in the keenly awaited second report, for legal reasons.
    • The euro has of course plunged in the foreign exchanges as financiers have backed America and the Pacific rim as most likely to weather the current economic uncertainty.
    • The New York Stock Exchange's software programs for tracking illegal equity trading were marketed to foreign exchanges.

More definitions of foreign exchange

Definition of foreign exchange in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day skosh
Pronunciation: skəʊʃ
noun
a small amount; a little