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Foreign Exchange Dealer
(redirected from Foreign Exchange Dealers)

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Foreign exchange dealer
A firm or individual that buys foreign exchange from one party and then sells it to another party. The dealer makes the difference between the buying and selling prices, or the spread.

Foreign Exchange Dealer
A trader who buys and sells currencies. For example, a foreign exchange dealer may buy dollars from one party and sell them to another at a different exchange rate. The dealer profits from the difference in exchange rates between currencies.


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There is also a third interstitial category of foreign exchange dealers called "broker-dealers" who act as both brokers and principals.
Commercial banks, foreign exchange dealers and business houses are advised to accept these notes without question and provide value to customers as they are legal tender," he said in a statement.
The Foreign Exchange Dealers Association of India is registered under Section 25 of the companies Act, 1956.
 
 
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