Question

Define
the terms foreign exchange state in brief.
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Answer 1

Answer:

Foreign exchange, or forex, is the conversion of one country's currency into another.

Explanation:

In other words, a currency's value can be pegged to another country's currency, such as the U.S. dollar, or even to a basket of currencies. 1 A country's currency value may also be set by the country's government.

Answer 2

Answer:

Foreign exchange, or forex, is the conversion of one country's currency into another. ... In other words, a currency's value can be pegged to another country's currency, such as the U.S. dollar, or even to a basket of currencies. 1 A country's currency value may also be set by the country's government.