Foreign exchange

From ACT Wiki
Revision as of 21:38, 12 January 2020 by Doug Williamson (Talk | contribs) (Add 4th definition.)

Jump to: navigation, search

1.

A transaction for the exchange of one currency for another.


2.

Any currency other than the domestic currency.


3.

The market for foreign exchange transactions.


4. Trading and investment.

A market position whose value depends on a foreign exchange rate, or sometimes more than one rate.


Often abbreviated as FX or FOREX.


See also