foreign exchange

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Foreign exchange

Currency of another country. Abbreviated Forex.

Foreign Exchange Market

A market for the trading of currencies. For example, one may buy dollars or sell pounds on a forex market. Foreign exchange is one the largest and most liquid markets in the world. Trading occurs over-the-counter, and most of the major players are governments, banks, and speculators. Forex markets are often used in hedging strategies.

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.

foreign exchange


foreign exchange

References in periodicals archive ?
The gunmen broke into the al-Nibal money exchange office in downtown Baghdad shortly before noon, killing three employees and two customers, said Iraqi police officials.
The Mobile Money Exchange will feature an online knowledge portal with social business networking and community functionality designed to advise and serve the interests of the mobile money industry.
Indeed, in these first three ways, there is always an exchange of coins, granted that it is more or less, and the contract for a money exchange is preserved.
Costa Rican authorities say the amount in a local investment firm and money exchange outfit known as Ofinter S.
A fake 50 euro bill was passed in June at the money exchange counter of a bank branch at Narita airport, Chiba Prefecture, the Chiba prefectural police said Tuesday.
Online money exchange service NOCHEX has introduced a service which allows Internet users to transfer money using SecuriClick.
I still remember its taste as I remember young men whispering in all the cities at the doors of all the hotels: exchange money exchange money exchange change.
PML commenced Money Exchange business in 1995 and at the moment is one of the leading players in Money Exchange arena & is rated amongst top ten sellers of American Express (AMEX) Travelers Cheques in India.
Ajman: Police have arrested three Asian men who entered a money exchange house by digging a hole from an adjoining shop in the Industrial Area in Ajman.
OIFC's Wasel Exchange is the sixteenth money exchange firms in the country.
The gang members used a luxury car when they broke into the money exchange at night and made off with Dh160,421, in addition to foreign currencies.
The thieves allegedly stole about Dhs275,000 in different currencies from a money exchange shop