What is foreign exchange?

Answer "Foreign exchange" refers to the world currency market. Also known as "forex" or "FX," foreign exchange is the medium through which currencies are converted and their relative values--exchange rate... Read More »

Top Q&A For: What is foreign exchange

What is the foreign exchange?

The foreign exchange refers to the exchange of one country's currency for the currency of another country or group of countries that share a currency. The price at which the currencies are exchange... Read More »

What is the meaning of foreign exchange?

The foreign exchange is the mechanism that allows anyone to buy goods and services in any part of the world. The foreign exchange market operates continuously throughout the world to meet the deman... Read More »

What is a foreign exchange market?

A foreign exchange market is a way to convert from one currency to another in order to engage in financial transactions. Generally, financial transactions include exchanging money for routine purch... Read More »

What is a foreign exchange contract?

Foreign exchange or FOREX contracts are agreements to purchase a certain amount of a foreign currency for an agreed amount at a date in the future. Thousands of these contracts are traded on the FO... Read More »