Foreign exchange is the simultaneous buying of one currency and selling of 
another. The world's currencies 
are on a floating exchange rate and are always traded in pairs, for example 
Euro / Dollar or Dollar / Yen. 
With a daily average turnover of approximately $1.4 trillion, the foreign 
exchange market, also known as the 
"Forex" or "FX" market, is the largest financial market in the world. 
 
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