Glossary‎ > ‎

Forein exchange | Forex | FX

Forein exchange, Forex or FX, also known as the foreign-exchange rate, forex rate or FX rate is the exchange rate between two currencies.

The currencies exchange take place on the foreign exchange market (forex, FX, or currency market) and is a worldwide decentralized over-the-counter financial market for the trading of currencies.

The Foreign exchange market is the largest market in the world and is trading in excess of 4 trillion USD every day (24 hours).



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