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foreign exchange market

Market in which foreign currencies are bought and sold and exchange rates between currencies are determined. The exchange rate is the price at which one country's currency can be converted into another. Some exchange rates are fixed by agreement, but most are determined by supply and demand on the exchange market.


See also:
forex
foreign exchange
forex trading


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Forex Glossary - a unique guide for the study of foreign currency trading and investing, with an extensive range of definitions, cross-references between related terms, informative sidelights, hyperlinked keywords and numerous examples. The Forex Glossary currently contains 1200 terms relating to online currency trading, financial and investment and is regularly updated.



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