foreign exchangenoun [ C usually singular ]
uk/ˌfɒr.ən ɪksˈtʃeɪndʒ/us/ˌfɔːr.ən ɪksˈtʃeɪndʒ/the system by which the type of money used in one country is exchanged for another country's money, making international trade easier:
On the foreign-exchange markets the pound remained strong.
Thesaurus: synonyms and related words
Banks
- bank
- banking
- building society
- central bank
- clearing house
- credit
- credit union
- e-bank
- exchange rate
- financial services
- gnome
- merchant bank
- mutual
- negotiable
- pay
- personal identification number
- rate of exchange
- statement
- the IMF
- thrift
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