forex
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'.
“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.”
Often used as a modifier before another noun, such as 'forex market' or 'forex trading'.
Blend of for(eign) + ex(change).
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.