Foreign exchange dealer

(redirected from Foreign-Exchange Dealer)

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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References in periodicals archive ?
The country's tourism chief said Ambassador Zhao agreed that the use of Alipay in the country would help attract more Chinese tourists to visit, especially since they will no longer have to go to foreign-exchange dealers just to get their money, the Chinese Yuan/Renminbi exchanged to Philippine peso.
Governor Nestor Espenilla said that rules concerning foreign-exchange dealers and remittance companies would be revised in the next two to three months.
A new trading system introduced by the Central Bank of Nigeria stabilised the nation's currency and will result in daily intervention by the regulator, according to foreign-exchange dealers in Africa's largest oil producer.
Past surveys showed that trades among the large traditional foreign-exchange dealers (reporting dealers) and trades between this group and their nonfinancial customers dominated the market.

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