Usually means: Global trading of national currencies.
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We found 9 dictionaries that define the word foreign exchange market:

General (4 matching dictionaries)
  1. foreign exchange market: Collins English Dictionary
  2. foreign exchange market: Wiktionary
  3. Foreign Exchange Market, Foreign exchange market: Wikipedia, the Free Encyclopedia
  4. foreign exchange market: Longman Dictionary of Contemporary English

Business (5 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Foreign Exchange Market: Investopedia
  3. Foreign exchange market: Financial dictionary
  4. Accounting, Business Studies and Economics Dictionary (No longer online)
  5. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (foreign exchange market)

noun:  A market for trading one currency for another.

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