foreign exchange

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Foreign exchange

Currency of another country. Abbreviated Forex.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

foreign exchange

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

foreign exchange

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
In addition, "a large part of the foreign exchange purchases made by the economic actors was financed by dinar credits obtained from the banking sector, even with the pledge of certain currencies in certain cases.
Buy Single User License of Global Foreign Exchange Software Market Size, Status and Forecast 2019-2025 @
'This is also indicative of Jamaica's commitment to a successful foreign exchange industry, one that is comparable to international standards,' she added.
Generally speaking, the increase in foreign exchange reserves cannot only enhance the ability of macro-control, but also help maintain the international reputation between the country and enterprises, expand international trade, attract foreign investment, reduce domestic corporate financing costs, prevent and resolve international financial risks.
'Secondly, we analyzed our import bill and encouraged manufacturers to consider local options in sourcing their raw materials, by restricting access to foreign exchange on 41 items.
It said all online foreign exchange brokers or money managers not licensed by the Authority should cease trading immediately.
Knightsbridge Foreign Exchange President, Rahim Madhavji has said, "It's an honour to be ranked so well two years running.
We will need a mix of everything from hauling in foreign exchange hoarded abroad to borrowing from other international financial institutions, seeking foreign commercial loans, launching sovereign bonds and issuing dollar-denominated certificates of investment for overseas Pakistanis.
Last October it opened its fifth foreign exchange service center at a Uijeongbu branch, after ones in Ansan and Ojang-dong in Seoul, Gimhae in South Gyeongsang Province and Gwangju in Gyeonggi Province.
It was also agreed that the CBL, working along with NAFEBOL, will consider establishing a Joint Task Force that will include the CBL, NAFEBOL, the Liberian National Police, and the Paynesville and Monrovia City Corporations to weed out illegal foreign exchange operators from the streets.
In an interesting development, the government, confessing before the National Assembly (NA) that Pakistan's external debt bearing capacity has deteriorated further last year, admitted that except one, all external debt sustainability indicators have weakened.The government, in its Debt Policy Statement 2017-18, has admitted that during the last fiscal year the country's external debt has increased at a rapid pace as compared to its foreign exchange earnings.
Summary: Net foreign exchange assets fell from 14,102 MTD at the end of 2015 to 13,155 MTD at the end of October 2016.

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