foreign exchange
Noun
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Noun
foreign exchange
- The exchange of currency from one country for currency from another country.
- (India) Foreign currency.
- 1999, THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999, NO. 42 OF 1999 [29th December, 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;
- 1999, THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999, NO. 42 OF 1999 [29th December, 1999.]
- French: marché des changes, forex
- German: Devisenmarkt
- Portuguese: câmbio
- Russian: обме́н иностра́нной валю́ты
- Spanish: cambio de divisa
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.003