foreign exchange market

Also known as forex, FX, currency market, FX market, foreign exchange markets, FX markets

form of exchange for the global decentralized trading of international currencies

AI overview

The foreign exchange market is where currencies from different countries are traded globally in a decentralized system, meaning there's no single physical location—trading happens electronically around the world. It matters because it allows businesses, travelers, and investors to convert money between currencies, enables international trade and investment, and influences exchange rates that affect economies worldwide.

AI-generated from the Wikipedia summary — may contain errors.