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foreign exchange. In DICTIOUS you will not only get to know all the dictionary meanings for the word
foreign exchange, but we will also tell you about its etymology, its characteristics and you will know how to say
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English
Noun
foreign exchange (countable and uncountable, plural foreign exchanges)
- The exchange of currency from one country for currency from another country.
- Foreign currency.
- 1999, THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999, NO. 42 OF 1999
- "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;
Synonyms
Derived terms
Translations
exchange of currency from one country for currency from another country