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foreign exchange

noun

1
: a process of settling accounts or debts between persons residing in different countries
2
: foreign currency or current short-term credit instruments payable in such currency

Example Sentences

Our country has to export more in order to earn more foreign exchange.
Recent Examples on the Web China’s central bank has cut the amount of foreign exchange banks must keep in reserve, an attempt to bolster the country’s rapidly weakening currency. Rebecca Feng, WSJ, 5 Sep. 2022 Key elements include major tax and energy pricing reforms, raising social spending, replenishing foreign exchange reserves, and introducing a stronger anti-corruption legal framework. Bharatha Mallawarachi, BostonGlobe.com, 1 Sep. 2022 The money appears to have been raised from the bank’s foreign exchange reserves and an auction to importers. Alexander Onukwue, Quartz, 29 Aug. 2022 Sri Lanka’s foreign exchange reserves have dwindled to $1.82 billion—a 99% drop compared to 2019—and the government owes over $50 billion to foreign creditors. Yvonne Lau, Fortune, 27 Aug. 2022 In foreign exchange, the WSJ Dollar Index was up 0.8% at 101.02. Paul Vigna, WSJ, 1 Sep. 2022 Even before the floods, Pakistan faced a steep fall in foreign exchange because of soaring global commodity prices and a rise in the U.S. dollar. Andrew Jeong, Washington Post, 30 Aug. 2022 The minister did not elaborate on what the factors were although Nigeria is grappling with shortages in foreign exchange which has restricted access to foreign currency for imports. Nimi Princewill, CNN, 18 Aug. 2022 Without the losses from foreign exchange, Netflix would have posted 13% year-over-year revenue growth. Will Daniel, Fortune, 19 July 2022 See More

Word History

First Known Use

1623, in the meaning defined at sense 1

Time Traveler
The first known use of foreign exchange was in 1623

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