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.
Noun. 1. NRC-an independent federal agency created in 1974 to license and regulate nuclear power plants. Nuclear Regulatory Commission. independent agency-an agency of the United States government that is created by an act of Congress and is independent of the executive departments. 1  Facebook.