### Question
How is the term foreign exchange defined?


### Answer
The term **foreign exchange** is defined in *12 U.S.C. § 5481* as the following:

> the exchange, for compensation, of currency of the United States or of a foreign government for currency of another government

#### Citation:
  - *12 U.S.C. § 5481*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER V-BUREAU OF CONSUMER FINANCIAL PROTECTION**

