foreign exchange market
The foreign exchange market refers to the global marketplace where currencies are bought and sold. It is a decentralized market where participants, including individuals, banks, and corporations, trade one currency for another, determining exchange rates in the process.
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Related Concepts (1)
Similar Concepts
- cooperative interventions in foreign exchange markets
- currency exchange rates
- exchange rates
- financial markets
- fixed exchange rate
- floating exchange rate
- foreign exchange
- foreign exchange reserves
- foreign exchange risk management
- foreign exchange swaps
- global financial market
- international financial markets
- market fluctuations
- speculation on exchange rates
- stock market