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Every country has their own currency. In Colombia we use colombian pesos, USA has the dollar and in parts of Europe they use the Euro.

Foreign Currency

Key words

Foreign exchange

Foreign exchange is the exchange of one currency for another or the conversion of one currency into another currency

Ratio Exchange

the value of one currency for the purpose of conversion to another.

Currency

in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange

Foreign:

of, from, in, or characteristic of a country or language other than one's own.

What is?

Why we need to use the foreign currencies?