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FX
The FX stands for Foreign Exchange (FX) Market.
The FX stands for Foreign Exchange (FX) Market, where the buying and selling of currencies takes place. It is a global marketplace for the trading of one nation’s currency for another, and where traders and banks do much of their business when dealing with international funds. Exchange rates are set by the FX market based on buyer and seller activity (supply and demand) for any given currency.
Related Glossaries
Payment cycle
A payment cycle refers to the interval of time from the end of one payment date to the next.
PTO
PTO is a benefit that allows employees to take time away from work while still receiving their regular pay.
Contractor
A contract employee (or self-employed worker) is not considered a permanent employee.
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