Definition of "foreign exchange" [foreign exchange]

• Transaction of international monetary business, as between governments or businesses of different countries. (noun)
• Negotiable bills drawn in one country to be paid in another country. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "And she decides to go to the school dance that night though Long Duk Dong, the foreign exchange student staying with her family, is accompanying her."
• "Before that they were moneylenders, dealers in foreign exchange and ship's chandlers."
• "For the $68-million loan, Ex-Im Bank required that Zaïre set up an account abroad to receive foreign exchange from copper exports and to service new and old Ex-Im Bank loans for the project; to Citibank, this covenant amounted to preferential treatment."