Plain-English definitions for the terms you'll encounter on your financial journey.
An increase in the value of one currency relative to another currency in the foreign exchange market.
The global electronic network where banks, brokers, and individuals trade different national currencies.
The global marketplace where currencies are traded against one another to determine their relative values.
Foreign Exchange Market — A global marketplace where national currencies are traded against one another to determine exchange rates. It is the largest and most liquid financial market in the world.