Foreign Exchange Market

foreign exchange

  • The worldwide system of contacts, either by telephone, teleprinter or in writing, which take place between nonbank foreign exchange dealers and foreign exchange traders at banks as well as foreign exchange traders amongst themselves, where the monies of different countries are bought and sold.
  • Wherever foreign exchange rates are determined.
Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support