foreign exchange market
Global currency trading
The foreign exchange market is the global marketplace where currencies are traded—the largest financial market in the world by volume.
Banks, corporations, governments, and individual traders buy and sell currencies to facilitate international trade, hedge against risk, or speculate on price movements.
Often called forex or FX: The foreign exchange market operates 24 hours a day across major financial centers.
- world currencyMonetary unit accepted internationally
- forexCurrency trading market
- euroShared continental currency
- FXShorthand for effects
- money changerOne who exchanges currencies
convertibility · hedge fund · currency crisis · currency speculation · Bretton Woods system · reserve currency · hard currency · central banks · capital flows · trading floor · monetary policy · trade balance · currency devaluation · carry trade · yen · investment · dollar · financial capital
foreign exchange marketstock market
Securities trading venue
stock exchange · equity market · bond market · commodities market · futures market
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