The exchange of one currency for another, or the conversion of one currency into another currency. Foreign exchange also refers to the global market where currencies are traded virtually around-the-clock.The term foreign exchange is usually abbreviated as forex and occasionally as FX..Next Up.oreign exchange also refers to the global market where currencies are traded virtually around-the-clock.
The National Rifle Association is America's longest-standing civil rights organization. Together with our more than five million members, we're proud defenders of history's patriots and diligent protectors of the Second Amendment.
Answers.comÂ® is making the world better one answer at a time. NRA is short for NRA-ILA which would stand for National Rifle Association Institute for Legislative Action. This of course is a conservative group of people, like myself, who fight against gun control, gun bans, and try to prevent more liberal people from passing any sort of anti-gun law.