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    foreign exchange

    noun

    • 1. an institution or system for dealing in the currencies of other countries.

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  2. www.investopedia.com › ask › answersWhat Is Foreign Exchange? Factors That Affect The Value and Rates

    Jul 27, 2022 · Foreign exchange, or forex, is the conversion of one country's currency into another. In a free economy, a country's currency is valued according to the laws of supply and demand .

  3. corporatefinanceinstitute.com › resources › foreign-exchangeForeign Exchange - What it is, Value Factors, Market

    Foreign exchange (Forex or FX) is the conversion of one currency into another at a specific rate known as the foreign exchange rate. The conversion rates for almost all currencies are constantly floating as they are driven by the market forces of supply and demand .

  4. www.investopedia.com › terms › fForex (FX): How Trading in the Foreign Exchange Market Works -...

    Jun 6, 2024 · Foreign exchange is the exchange of one currency for another or the conversion of one currency into another currency.

  5. www.investopedia.com › terms › fForex (FX): Definition, How to Trade Currencies, and Examples

    Jun 6, 2024 · Forex - FX: Forex (FX) is the market in which currencies are traded. The forex market is the largest, most liquid market in the world, with average traded values that can be trillions of dollars ...

  6. www.babypips.com › learn › forexWhat is Forex? A Beginner’s Guide - BabyPips.com

    It’s these changes in the exchange rates that allow you to make money in the foreign exchange market. What is forex? The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. The FX market is a global, decentralized market where the world’s currencies change hands.

  7. investinganswers.com › dictionary › fForex | Foreign Exchange | Meaning & Examples InvestingAnswers

    Aug 8, 2020 · Also known as forex (or FX), foreign exchange is an over-the-counter market where individuals, banks, and businesses convert one currency into another. It is considered the largest liquid market in the world.

  8. www.britannica.com › money › foreign-exchange-marketWhat Is the Foreign Exchange Market: A Guide | Britannica Money

    The foreign exchange market (aka forex, FX, or the international currency market), refers to the over-the-counter electronic networks where currencies are traded. History & Society Science & Tech Biographies Animals & Nature Geography & Travel Arts & Culture Games & Quizzes Videos On This Day One Good Fact Dictionary.

  9. www.dbs.com.sg › personal › articlesThe DBS Beginners Guide to Foreign Exchange

    Mar 11, 2024 · “Foreign exchange” or “FX” in short, are often used interchangeably. As its name suggests, it describes the exchange of one currency for another. What is the FX market? With trillions of dollars exchanged each day, the FX market, which is the global exchange where foreign currencies are traded, it is the largest financial market.

  10. www.wallstreetmojo.com › foreign-exchangeForeign Exchange (Forex) - Meaning, Trading, Examples -...

    May 22, 2024 · What is Foreign Exchange? Foreign exchange, or forex, is trading one currency for values equivalent to another currency. The trading occurs between currency pairs. The foreign exchange rate fluctuates often and the supply and demand factors in the market determines it. The platform where this exchange occurs is the foreign exchange market.

  11. en.wikipedia.org › wiki › Foreign_exchange_marketForeign exchange market - Wikipedia

    The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies.This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market ...