# forex

/ˈfɔɹɛks/ (US) · CEFR C1 · Noun

Source: https://englishreference.com/word/forex
Updated: 2026-05-03

## Definition

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.

For teachers: 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.

## Usage notes

- Often used as a modifier before another noun, such as 'forex market' or 'forex trading'.

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.