foreign exchange

The definition of a foreign exchange is the exchange of one currency for another by governments, businesses and residents in two different countries.

(noun)

An example of foreign exchange is a U.S.-based company doing business with a company in Japan and paying them in U.S. currency.

See foreign exchange in Webster's New World College Dictionary

the transfer of credits to a foreign country to settle debts or accounts between residents of the home country and those of the foreign country
foreign bills, currencies, etc. used to settle such accounts

See foreign exchange in American Heritage Dictionary 4

noun Abbr. FX

Transaction of international monetary business, as between governments or businesses of different countries.
Negotiable bills drawn in one country to be paid in another country.

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