foreign exchange
Množina: foreign exchanges
System by which the money of one country can be converted into the money of another; US dollars, French francs, and Spanish pesetas are all foreign currencies into which a holder of pounds sterling may convert their money.
Between 1971 and 1991 the proportion of all foreign-exchange transactions which were speculative rose from 10% to around 90%. Currency speculation daily involves sums larger than the combined foreign-exchange reserves of all the G7 countries.
The system by which one currency is exchanged for another; enables international transactions to take place.
foreign body · foreign countries · foreign country · foreign currencies · foreign currency · foreign element · foreigner · foreign exchange · foreign exchange earnings · foreign exchange market · foreign exchange reserves · foreign language · foreign languages
devize
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