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

Examples of foreign exchange in a Sentence

Our country has to export more in order to earn more foreign exchange.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Wealthy nations with vast foreign exchange reserves, such as the United States and China, could leverage their financial power to acquire massive amounts of Bitcoin. Tomer Niv, Forbes, 16 Dec. 2024 Ahead of the first-phase deadline on Oct. 31, the scheme drew some $19 billion into Argentina’s banks, the tax agency reported, boosting scarce foreign exchange reserves. Isabel Debre, The Christian Science Monitor, 10 Dec. 2024 The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. Eleanor Pringle, Fortune, 30 Nov. 2024 Despite the existence of the euro and growing importance of China's renminbi, the dollar remains the world's main reserve currency, representing roughly 58% of the world's foreign exchange reserves, according to the IMF. Megan Cerullo, CBS News, 2 Dec. 2024 See all Example Sentences for foreign exchange 

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

Dictionary Entries Near foreign exchange

Cite this Entry

“Foreign exchange.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreign%20exchange. Accessed 25 Dec. 2024.

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