follow Dictionary.com

Get the details behind our redesign

foreign exchange

noun
1.
commercial paper drawn on a person or corporation in a foreign nation.
2.
the process of balancing accounts in commercial transactions between business organizations of different nations.
Origin
1685-1695
1685-95
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
British Dictionary definitions for foreign ex change

foreign exchange

noun
1.
the system by which one currency is converted into another, enabling international transactions to take place without the physical transportation of gold
2.
foreign bills and currencies
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source
foreign ex change in Culture

foreign exchange definition


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.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Word of The Day

Difficulty index for foreign exchange

Few English speakers likely know this word

Word Value for foreign

11
13
Scrabble Words With Friends