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Foreign exchange |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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Foreign exchange Foreign exchange (FOREX). Any type of financial instrument that is used to make payments between countries is considered foreign exchange. The list of instruments includes electronic transactions, paper currency, checks, and signed, written orders called bills of exchange. Large-scale currency trading, with minimums of $1 million, is also considered foreign exchange and can be handled as spot price transactions, forward contract transactions, or swap contracts. Spot transactions close at the market price within two days, and the others are set to close at an agreed-upon price and an agreed-upon date in the future. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Certainly, there is evidence that listings on foreign exchanges have mushroomed in recent years. DE) stock is a component of the DAX, and is listed on multiple foreign exchanges. The government may have to establish a new institutional framework with new laws and agencies to permit the market to function effectively with a free flow of relevant information, with minimal corruption, with stability in trade, and capital flows in foreign exchanges. |
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