foreign exchange

Definitions

1. The exchange of currency from one country for currency from another country.
   countable, uncountable
2. Foreign currency.
   countable, uncountable

Equivalents

Examples

“Near-synonyms: currency exchange⟳, money changing”

“"foreign exchange⟳" means foreign currency and includes,- (i) deposits, credits and balances payable in any foreign currency, (ii) drafts, travelers cheques, letters of credit or bills of exchange⟳, expressed or drawn in Indian currency but payable in any foreign currency, (iii) drafts, travelers cheques, letters of credit or bills of exchange⟳ drawn by banks, institutions or persons outside India, but payable in Indian currency;”

CEFR level