foreign exchange

plural foreign exchanges

1. countableuncountableThe exchange of currency from one country for currency from another country.

   Near-synonyms: currency exchange, money changing

   Synonyms: forex, currency exchange, money changing

2. countableuncountableForeign currency.

   1 more example

   "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;

   1999, THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999, NO. 42 OF 1999 [29th December, 1999.]

   Synonyms: forex