Foreign exchange dealer

(redirected from Foreign-Exchange Dealers)

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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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.
DOT eyes Alipay to raise spending of Chinese travelers in PHL
Governor Nestor Espenilla said that rules concerning foreign-exchange dealers and remittance companies would be revised in the next two to three months.
Philippines takes steps to increase cybersecurity
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.
Nigeria Central Bank intervenes for Naira stability
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.
Foreign-exchange trading and the dollar

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