Question

explain the terms foreign exchange clearance ​

Answer 1

Explanation:

Foreign Exchange (forex or FX) is the trading of one currency for another. ... Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day

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Answer 2

Explanation:

Foreign Exchange (forex or FX) is the trading of one currency for another. ... Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day.