noun
exchange market
Refers to the market where foreign currencies are traded; commonly used in financial contexts.
為替市場は24時間動いている。
The exchange market operates 24 hours a day.
為替市場の動向をチェックする。
I check the trends in the exchange market.
More specific term for 'foreign exchange market'; 為替市場 is a broader term that can include domestic exchange markets.
Compound of 為替 (かわせ, 'exchange' or 'money order') and 市場 (しじょう, 'market'). The term is straightforward and modern.