Meaning of the word "foreign exchange market" in English

What does "foreign exchange market" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

foreign exchange market

US /ˈfɔːr.ɪn ɪksˈtʃeɪndʒ ˈmɑːr.kɪt/
UK /ˈfɔːr.ɪn ɪksˈtʃeɪndʒ ˈmɑːr.kɪt/
"foreign exchange market" picture

Noun

1.

a global decentralized or over-the-counter market for the trading of currencies

Example:
The foreign exchange market operates 24 hours a day, five days a week.
Fluctuations in the foreign exchange market can impact international trade.
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