foreign ex-change

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:
1685–95

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
foreign exchange
 
n
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 10th Edition
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American Heritage
Cultural Dictionary

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.
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