Foreign exchange markets

where money in one currency is exchanged for another

Exchange rate

the price for which one currency is exchanged for another

Foreign exchange reserves

holdings of other countries' currencies

Foreign exchange controls

controls imposed by a government on the purchase/sale of foreign currencies

Retail foreign exchange platform

speculative trading of foreign exchange by individuals using electronic trading platforms

Foreign exchange risk

arises from the change in price of one currency against another

International trade

the exchange of goods and services across national boundaries

Foreign exchange company

a broker that offers currency exchange and international payments

Bureau de change

a business whose customers exchange one currency for another

Currency pair

the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market

Digital currency exchanger

market makers which exchange fiat currency for electronic money

Digital currency exchanger

market makers which exchange fiat currency for electronic money