Foreign currency exchange (forex)

{
  "id": "MLC-T-FIN-000161",
  "term": "Foreign currency exchange (forex)",
  "field": "Finance and investing",
  "definition": "A foreign currency exchange rate is a price that represents how much it costs to buy the currency of one country using the currency of another country. Currency traders buy and sell currencies through forex transactions based on how they expect currency exchange rates will fluctuate. When the value of one currency rises relative to another, traders will earn profits if they purchased the appreciating currency, or suffer losses if they sold the appreciating currency.\n\nAdditional Information\n\nForeign Currency Exchange (Forex) Trading For Individual Investors",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/foreign-currency-exchange-forex/"
}