Forex or FX mean Foreign Exchange.It is Currency exchange.The world and it nations have different currency and if they business among them then currency exchange is done.So they exchange their currency and off course a certain rate.It is the world largest financial business.Suppose you are at America for visit only and at the airport you have to just convert your local currency to US dollar then you find that 1$=amount of your local currency.You are happy to convert it and enjoy a nice visit US after then you have to go back home again you can convert your cash USD ( your hand left after paying during visit) to your local currency.
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