foreign exchange

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foreign exchange

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

foreign exchange

n
1. (Banking & Finance) the system by which one currency is converted into another, enabling international transactions to take place without the physical transportation of gold
2. (Banking & Finance) foreign bills and currencies

for′eign exchange′


n.
1. commercial paper drawn on a person or corporation in a foreign nation.
2. the process of balancing accounts in commercial transactions between businesses or individuals of different countries.
[1685–95]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.foreign exchange - the system by which one currency is exchanged for another; enables international transactions to take place
interchange, exchange - reciprocal transfer of equivalent sums of money (especially the currencies of different countries); "he earns his living from the interchange of currency"
Translations

foreign exchange

ncambio di valuta; (currency) → valuta estera
foreign exchange market → mercato dei cambi
References in periodicals archive ?
A number of people saw the man holding a bag and running away from the money exchange store.
A woman jailed for an armed raid on a money exchange office in Abu Dhabi has failed in a bid to appeal her sentence.
Money exchanges expect an increase in the dollar exchange rate against the Egyptian pound this week to exceed EGP 7.
Abu Dhabi -- The Abu Dhabi Court of Appeals has upheld a sentence of seven years and two months in jail against an Asian woman for attempted robbery at gunpoint at a money exchange in Abu Dhabi in March, and for breaching the UAE's residency laws.
Sources added that the Israeli forces confiscated the contents in the branch stores of Abdeen money exchange, including computers, after raiding the home of Fadel Abdeen during the raid and taken to all branch operations.
The group will also open money exchanges in Thailand and Vietnam after the inauguration of its first liaison office in the Philippine, added the report in the Qatar-based Gulf Times.
Police cordoned off the area near the money exchange branch as forensic experts collected evidence from the crime scene.
The governing tax agency called Skatteverket imposed a law back in 2010 forcing all money exchange merchants to use a sanctioned control box that tracks and records all monetary transactions.
He said two or three trained security guards having bullet proof jacket and helmet should be deployed in each bank and money exchange office.
Money exchange houses under the Foreign Exchange and Remittance Group (FERG) unanimously agreed to increase rates two weeks ago, according to industry sources.
Sheik Sulaiman Abdullah al Khalili, chairman of Global Money Exchange, inaugurated the branch in the presence of Sheikh Abdullah al Khalili, director, K S Subromoniyan, managing direcA[degrees] tor; V G Rajeev, general manager, and other company officials.
BEIRUT: In yet another step to keep Lebanon's money exchange businesses under its control, the Lebanese Central Bank has forbidden small money changers from performing cash transfers under the informal Hawala system.