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The act of converting one currency into another is known as foreign exchange, or Forex. It can be abbreviated as FX or Forex.
Forex, or foreign exchange, is the process of converting one currency into another, essential for international trade and investment. Abbreviated as FX or Forex, this market is the largest and most liquid financial market globally, where currencies are traded in pairs. Forex trading allows for speculation on exchange rates or hedging against currency risks.
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