Foreign exchange (FOREX, FX)

By | 2019-08-29T09:44:01+00:00 29th August 2019|

Foreign exchange is the swapping of money in one currency for another currency. Foreign exchange is also a term for the global market where currencies are traded virtually around the clock. Foreign exchange is usually abbreviated as “forex” and occasionally as “FX.” The largest forex trading centres are London, New York, Singapore and Tokyo.