foreign exchange (Forex or FX)
Definition 1
Any currency other than the local currency which is used in settling international transactions. Also called foreign currency.
Definition 2
System of trading in and converting the currency of one country into that of another. See also foreign exchange market.
foreign exchange (Forex or FX) is in the Accounting & Auditing, Banking, Commerce & Finance, Currency Trading and Economics, Politics, & Society subjects.
foreign exchange (Forex or FX) appears in the definitions of the following terms:
foreign exchange overnight position,
import substitution,
spot rate,
Garman Kohlhagen model,
back to back loan,
soft currency,
money market,
settlement option,
basis,
short position
and
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