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.
NRO. 1  Defense Department, Department of Defense, DoD, United States Department of Defense, Defense - the federal department responsible for safeguarding national security of the United States; created in 1947. 2  United States intelligence agency - an intelligence service in the United States.