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1An institution or system for dealing in the currency of other countries.
- ‘Already, growth forecasts are being scaled down for next year, and they will be scaled down still further should the euro continue to rise on the foreign exchanges.’
- ‘They would like nothing more than to wade into the foreign exchanges in concert with the Fed and the central banks of Asia to put a floor under the greenback, but they know that Washington has no interest in such a move.’
- ‘The Government last night suspended Britain's membership of the Exchange Rate Mechanism after a tidal wave of selling the pound on the foreign exchanges left it defenceless against international currency speculators.’
- ‘On the foreign exchanges, the euro rose slightly against the US dollar to just above 91 cents, but dealers said trading was limited by concern that central banks would step in to intervene if the greenback lost ground sharply.’
- ‘These data suggest that Canadian companies listed on foreign exchanges, particularly on the New York exchange, tended to favour the international accounting firms.’
- ‘The value of the euro dipped on foreign exchanges last week in response to signs that the nos were holding their lead.’
- ‘After riding high in the foreign exchanges since the mid-1990s, the dollar started to fall in January 2002.’
- ‘This is because many institutions suggest that sterling is set to plunge further on the foreign exchanges.’
- ‘But they were made worse by a US policy of allowing the dollar to depreciate on the foreign exchanges, at a time when the snake was being pulled upwards by the strength of the Deutschmark.’
- ‘In this context, the solid performance of equity markets over the course of the week and the continued advance of the dollar on the foreign exchanges seems a most unlikely outcome, to say the least.’
- ‘But don't expect euro-zone governments to do anything drastic about the euro's sagging value on the foreign exchanges.’
- ‘The euro's recent strengthening on the foreign exchanges would serve to dampen inflationary pressures and boost purchasing power, he continued.’
- ‘That was 1992 and since then the dollar has been nothing short of indestructible on the foreign exchanges.’
- ‘It emerged yesterday that those responsible for making the wrong submissions to the Central Bank on foreign exchanges may not be named in the keenly awaited second report, for legal reasons.’
- ‘The euro has of course plunged in the foreign exchanges as financiers have backed America and the Pacific rim as most likely to weather the current economic uncertainty.’
- ‘The New York Stock Exchange's software programs for tracking illegal equity trading were marketed to foreign exchanges.’
- ‘In this most competitive of sectors, banks offered to help rival institutions to carry on trading on the foreign exchanges, or the debt and equity markets.’
- ‘If and when the government finally comes off the fence, the pound will be pushed sharply lower on the foreign exchanges, they say.’
- ‘In a new survey, it has emerged that four times as many Irish citizens prefer investing in shares quoted in Dublin than in those on foreign exchanges.’
- ‘The livre fell by 20 per cent on the foreign exchanges between June 1791 and March 1792.’
- 1.1The currency of other countries.
- ‘The workers have become a major source of foreign exchange and contribute an average of Rp 23 billion per year to the economy.’
- ‘JFX further planned to expand futures trading to foreign exchange, interest rates and government bonds.’
- ‘We believed within a decade, tourism would replace mining and agriculture as Zimbabwe's number one earner of foreign exchange.’
- ‘The administration has lowered the standard for local enterprises to set up settlement accounts for foreign exchange.’
- ‘No developing country in the WTO is self-sufficient enough to survive without foreign exchange.’
- ‘He said there was no doubt that the demand for foreign exchange has increased significantly over last couple of years.’
- ‘Initially the area was known for illegal deals in foreign exchange.’
- ‘These industries are earners of foreign exchange and, even more importantly, they are generators of employment.’
- ‘But the PM did not yield so soon on his other question about foreign exchange.’
- ‘This is because, as with fuel, more than 70 percent of power production costs are specified in foreign exchange.’
- ‘A spike in deposits from a country short of foreign exchange may signal high-level corruption.’
- ‘We have all lived through years of extreme shortage of foreign exchange.’
- ‘The euro has made the management of foreign exchange much easier in the case of exporters and importers to and from the eurozone.’
- ‘If it were to expropriate their property, it would have to compensate them with scarce and precious foreign exchange.’
- ‘By increasing exports on the other hand, the Zambian economy will increase the inflow of foreign exchange into the country.’
- ‘Dumping refers to countries selling products at less than the cost of production in order to generate foreign exchange.’
- ‘Of the six largest forms of international trade, only three are legal: the speculation in foreign exchange, the sale of oil and of coffee.’
- ‘This brings a reasonable amount of foreign exchange into their country.’
- ‘This factor is contributing to the increasing demand for foreign exchange.’
- ‘We will decrease youth unemployment and establish a means of gaining significant foreign exchange with one enterprise.’
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