foreign exchange

noun

1
: a process of settling accounts or debts between persons residing in different countries
2
: foreign currency or current short-term credit instruments payable in such currency

Examples of foreign exchange in a Sentence

Our country has to export more in order to earn more foreign exchange.
Recent Examples on the Web Over the past couple of decades, John Hughes‘ Sixteen Candles has been seen in a new light, with many calling out its portrayal of foreign exchange student Long Duk Dong, played by Gedde Watanabe, as racist. Tatiana Tenreyro, The Hollywood Reporter, 6 May 2024 The actor played foreign exchange student Long Duk Dong in the John Hughes flick. Jessica Wang, EW.com, 6 May 2024 Although Beijing has been buying up gold, the metal accounts for only about 4.6 percent of China’s foreign exchange reserves. Claire Fu, New York Times, 5 May 2024 On March 13, Paramount Global entered an agreement with Reliance Industries to sell Paramount’s entire 13.01% equity interest in Viacom18 for the equivalent to approximately $517 million based on the current foreign exchange rate, according to a filing with the SEC on Wednesday. Todd Spangler, Variety, 13 Mar. 2024 London is also Euronext’s base for some other asset classes such as foreign exchange. Joe Easton, Fortune Europe, 11 Mar. 2024 Meanwhile, Ethiopia’s economy has been ravaged by rampant inflation, foreign exchange shortages, and widespread food insecurity. Alex De Waal, Foreign Affairs, 8 Apr. 2024 Argentina’s foreign exchange reserves hovered around $50 billion dollars, while all the plaintiffs were collectively owed over $10 billion dollars and the injunction request was being made with respect to a subset of cases on which only a few billion dollars were owed. Gregory Makoff, Fortune, 9 Mar. 2024 The Asian island is struggling with its worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange. Fox News, 15 Aug. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'foreign exchange.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1623, in the meaning defined at sense 1

Time Traveler
The first known use of foreign exchange was in 1623

Dictionary Entries Near foreign exchange

Cite this Entry

“Foreign exchange.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreign%20exchange. Accessed 23 May. 2024.

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