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foreign exchange

commercial paper drawn on a person or corporation in a foreign nation.
the process of balancing accounts in commercial transactions between business organizations of different nations.
Origin of foreign exchange
1685-95 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for foreign exchange
  • The first obvious place to exchange money is at the various foreign exchange counters at the airport.
  • It could then only use foreign exchange to support the market.
  • Yet there's been little foreign exchange between the two national cinemas.
  • It has the world's largest foreign exchange reserves.
  • The mining companies point out the huge benefits the project brings in terms of employment, tax revenue and foreign exchange.
British Dictionary definitions for foreign exchange

foreign exchange

the system by which one currency is converted into another, enabling international transactions to take place without the physical transportation of gold
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
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foreign exchange 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.
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Difficulty index for foreign exchange

Few English speakers likely know this word

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