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 ?
Despite the strict CBE supervision on money exchanges, there are still difficulties in providing foreign currency, especially the dollar.
To gain more oversight of the informal money transfer sector, the State Bank of Pakistan (SBP) requires all money exchange companies to obtain licenses and meet minimum capital requirements.
Between 2007 and 2010, the New Ansari Money Exchange used the billions of dollars it transferred in and out of Afghanistan to conceal illicit narcotics proceeds," the Treasury said in a statement.
Business is thriving also at a money exchange shop set up in July inside the Umeda branch of Senshu Ikeda Bank, with robust demand from people traveling abroad on business.
Because a money-changing contract is a question of changing coins, and, in the proposed instances, there is no other exchange except of coins, it follows that the aforesaid contracts of their nature are truly instances of money exchange but of different degrees.
The system I like is the one in which both financial and personal data are recorded on the card and money exchange terminals are used to transfer value into and out of the card.
Costa Rican authorities say the amount in a local investment firm and money exchange outfit known as Ofinter S.
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.
Tenders are invited for License for money exchange counter in arrival hall & departure hall of terminal 1, at lucknow airport.
Al Muhairi cautioned residents not to carry huge amounts of money while moving out of banks or money exchange offices as it could be risky.