forex
Pronunciación: [ˈfɔrɛks]
Palabra
Contexto: «finance»
(noun) Forex is short for foreign exchange. It’s the market where people buy and sell different currencies from around the world. Imagine you have dollars and want to trade them for euros. That’s what happens in the forex market.
Ejemplo
I made a good profit by trading in the forex market last week.
Ejemplo
She lost money because she didn’t understand how the forex market works.
Ejemplo
Have you ever thought about trading currencies in the forex market?
Contexto: «economics»
(noun) Forex also refers to the rates at which one currency can be exchanged for another. For example, if one dollar is worth 0.85 euros, that is a forex rate.
Ejemplo
The forex rate between the dollar and the euro fluctuates every day.
Ejemplo
The forex rate didn’t favor tourists this year; they lost money when converting currencies.
Ejemplo
What is the current forex rate for US dollars to British pounds?
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