Word
forex
/ˈfɔɹɛks/
Uncountable noun
Definition
n. the global market where people and businesses trade different types of money. You use it when you need to change one currency into another, like turning dollars into euros.
n. the global decentralized market for the trading of international currencies. A portmanteau of 'foreign exchange'.
Examples
“He makes a living by trading on the forex market.”
“Large banks and financial institutions dominate the forex market, determining the exchange rates we see at airports.”
“Volatility in the forex market can significantly impact the profit margins of multinational corporations that operate across several different currency zones.”
Examples
simple
“He makes a living by trading on the forex market.”
contextual
“Large banks and financial institutions dominate the forex market, determining the exchange rates we see at airports.”
complex
“Volatility in the forex market can significantly impact the profit margins of multinational corporations that operate across several different currency zones.”
Usage
Often used as a modifier before another noun, such as 'forex market' or 'forex trading'.
Etymology
Blend of for(eign) + ex(change).
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.
Related words
Domain
- Exam level
- CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.C1 AdvancedIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.7.0–8.0TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 5.0–5.595–113TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.945–990
- Frequency
- Frequent
- Level
- C1 · Advanced
- Updated
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QR code
englishreference.com/q/forex