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forex

Pronunciation: [ˈfɔrɛks]

Word

Learn how to use forex in a sentence: 6 audio examples across 2 meanings.

Context: “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.

Example

I made a good profit by trading in the forex market last week.

Example

She lost money because she didn’t understand how the forex market works.

Example

Have you ever thought about trading currencies in the forex market?

Context: “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.

Example

The forex rate between the dollar and the euro fluctuates every day.

Example

The forex rate didn’t favor tourists this year; they lost money when converting currencies.

Example

What is the current forex rate for US dollars to British pounds?

How to pronounce forex

Pronunciation: [ˈfɔrɛks]

Listen and repeat as many times as you need.

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