foreign exchange
nounUK /ˌfɒrən ɪksˈtʃeɪndʒ/
US /ˌfɔːrən ɪksˈtʃeɪndʒ/
Foreign exchange is when people change one country's money into another country's money.
The bank handles foreign exchange for travelers going abroad.
RELATED WORDS
OTHER MEANINGS
2. The system and market where different countries' currencies are bought and sold.
Traders on the foreign exchange market watch rate changes every second.
3. The department or service in a bank that converts currencies.
She stopped by the foreign exchange desk before her flight.
4. Money in a currency that is not the local one.
The shop accepts foreign exchange at a small fee.