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

see FOREIGN CURRENCY.

foreign exchange

see FOREIGN CURRENCY.
References in periodicals archive ?
The Qatari prince has planned to use a shut money exchange company as shield to save the dignity of his family and fake receipts are being obtained from this closed company.
He said all banks and money exchange office in one market should
She was dubbed the 'money exchange ghost' as the Asian woman wore a black abaya, black gloves and a headscarf.
Although money exchanges expect the dollar rate to rise, Khalil does not expect a decrease in the Egyptian pound rate in the upcoming days.
There are 114 money exchange firms in the country, according to the central bank's website.
Summary: MAKKAH: A number of dealers in the money exchange sector in Makkah have urged the Saudi Arabian Monetary Agency (SAMA) to expedite giving licenses to interested citizens to open money exchange offices as the Umrah season is rapidly approaching and the holy city only has five of these offices at present.
WASSIT / Aswat al-Iraq: A sum of 75 million Iraqi Dinars (ID) and jewels were taken in an armed robbery by unidentified persons on the house of a money exchange office owner north of al-Kut city on Friday, a security source said.
Sumitomo Mitsui Banking Corp., the core unit of Sumitomo Mitsui Financial Group Inc., handled about 40 percent more money exchange transactions year on year in July at its branch in the Yurakucho business district in Tokyo.
I thought this was an international money exchange!
Cairo Amman Bank (CAB) adopted EastNetsAAE company solutions that connect the bank to money exchange companies and major corporations engaged in money transfer services across the SWIFT network.
An African national was arrested by Dubai Police on Monday for allegedly taking part in an armed robbery of a money exchange in Al Ghusais, report Gulf News .
resume about management mechanism in registration and depositing of money exchange and about electronic exchange system, operation of the two exchanging halls at Benghazi Tripoli cities and the electronically equipments been imported for its electronic mechanization according to modernistic standard specifications been applicable at the international stock markets.