exchange market

Definitions

Economics

  • The market on which national currencies are exchanged for one another.
  • The actual exchange market, which exists primarily among large international banks. Others who wish to exchange currencies do it through these banks.
  • The theoretical representation of the exchange market as either the interaction of supply and demand arising from exchange-market transactions or as an asset market equilibrium between currencies.
http://www.dictionarycentral.com/definition/exchange-market.html