Jamaica's Usain Bolt earned a double and claimed a record 10th gold medal with a convincing victory in the 200 meters on Thursday at the World Athletics Championships in Beijing, denying rival Justin Gatlin with a time of 19.55.
Foreign exchange markets facilitate the trade of one foreign currency for another. Most exchanges are made in bank deposits and involve U.S. dollars. Over a trillion dollars in foreign exchange trades take place every day; foreign exchange dealers handle most transactions.
Definition of Foreign Exchange. Foreign currency exchange is a large global financial market. Creatas/Creatas/Getty Images. The foreign exchange market plays a crucial role in global trade. Institutions such as banks can buy and sell currencies like the euro or the yuan.As a result, international trading and investments run smoothly.he foreign exchange market plays a crucial role in global trade. Institutions such as banks can buy and sell currencies like the euro or the yuan. As a result, international trading and investments run smoothly.