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View synonyms for foreign exchange
foreign exchange
[ fawr-in iks-cheynj, for- ]
noun
- commercial paper drawn on a person or corporation in a foreign nation. : FX
- the process of balancing accounts in commercial transactions between business organizations of different nations. : FX
foreign exchange
noun
- 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
foreign exchange
- 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 .)
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Word History and Origins
Origin of foreign exchange1
First recorded in 1685–95
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