Foreign Exchange Rate

Definition

  • The value of one nation's currency in comparison to another nation's currency.

Synonyms
foreign-exchange rate, forex rate, fx rate, exchange rate

Acronyms
FXRate

Related Terms and Acronyms

  • Call Deposit Account Definition,
    • A bank account that combines some features from both savings and checking accounts.
  • Derivatives Definition,
    • Financial contracts whose value is derived from the value of some underlying asset, rate or index. Derivatives are used as risk-management tools by governments and corporations to reduce exposure to risk, mainly related to fluctuations in foreign-exchange and interest rates. Derivative instruments include swaps, options, futures and forward contracts and are used by banks in two principal activities: sales/trading and asset/liability management.
  • Foreign Currency (FCY) Acronym,
    • Paper money and coins from other countries.
  • Foreign Currency Surcharge Definition,
    • A fee charged by a credit card company for purchases made in a foreign currency.
  • Foreign Exchange (FX, F/X, FOREX, FE) Acronym,
    • Various instruments used to settle payments for transactions between individuals or organizations using different currencies (e.g., notes, cheques, etc.).
    Bank account transaction code.
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