FOREIGNEXCHANGEMARKET

Foreign exchange market

The foreign exchange market is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. Electronic Broking Services and Reuters 3000 Xtra are two main interbank FX trading platforms. The foreign exchange market determines the relative values of different currencies.

The above text is a snippet from Wikipedia: Foreign exchange market
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foreign exchange market

Noun

  1. A market for trading one currency for another.


The above text is a snippet from Wiktionary: foreign exchange market
and as such is available under the Creative Commons Attribution/Share-Alike License.

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