Foreign Exchange
/ˈfɒrɪn ɪksˈtʃeɪndʒ/
Definitions
- (n.) The conversion and trading of one currency for another, often regulated under financial and international law.
The company engaged in foreign exchange transactions to hedge against currency risk.
- (n.) The market or system where foreign currencies are bought and sold internationally.
Banks operate in the foreign exchange market to facilitate global trade.
Related terms
Commentary
Foreign exchange is primarily understood as a noun describing currency conversion or its associated market; legal contexts often focus on regulatory compliance, contract terms, and risk management related to these activities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.