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Glossary Term: FOREIGN EXCHANGE MARKET

Definition(s) for FOREIGN EXCHANGE MARKET:


1. ) refers to the 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.

2. ) See Forex Market. Forex Market An over-the-countermarket where buyers and sellers conduct foreign exchange business by telephoneand other means of communication. Also referred to as foreign exchange market.



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