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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