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foreign exchange Definition

foreign exchange

noun

  1. 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
  2. foreign bills, currencies, etc. used to settle such accounts

foreign exchange Finance Definition

The value of one currency stated in terms of another currency. A person who exchanges one country’s money for currency issued by another country has acquired foreign exchange.

foreign exchange (FEX or FX) Telecom Definition

See FX.

foreign exchange Usage Examples

Converse of object

earn: Office machinery and services which earn foreign exchange should be allowed to benefit from investment grants.

Adjective modifier

company's: The increase is primarily attributable to lower interest expense and gains from the company's foreign exchange and interest rate management activities.