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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
Deductions
Payroll deductions are both required and optional deductions from an employee’s pay cheque.
EOR and PEO
Stand for employer of record and professional employer organization.
13th month
A thirteenth salary, or year end bonus.
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