Definition
The global marketplace where currencies are traded against each other. With daily volume exceeding $6.6 trillion, forex is the world's largest and most liquid financial market, operating 24 hours a day across major financial centers worldwide.
Example Usage
"Companies with international operations regularly participate in forex markets to hedge against currency fluctuations that could affect their global revenues.”
Related Terms
Financial MarketsCurrency PairsExchange RatesSpot MarketForward MarketCurrency SwapsCentral Banks
Tags
CurrenciesInternational TradeGlobal Markets
Course Module
Module 1: Introduction to Financial Markets