Definition

Foreign Exchange

Foreign Exchange  is the system or process of converting one national currency into another and of transferring money from one country to another.


Foreign Exchange means various instruments used to settle payments for transactions between individuals or organizations using different currencies (e.g. notes, cheques, etc.)

 

Share it:  Cite

More from this Section

  • General damages
    General damages are an award for damages that cannot be specifically measured or itemized, ...
  • Integrated risk management
    Integrated risk management is a risk management technique that combines coverage for pure ...
  • Bonded Goods
    Bonded Goods are the goods held in store under customs control after removal from wharf ...
  • SWOT
    SWOT is acronym for Strengths, Weakness, Opportunities and Threats; an approach to formulating ...
  • At-the-money (ATM)
    At-the-money (ATM) is a term that describes an option whose exercise price is the same ...