DEFINITION of 'Cambist'

An individual or broker considered to be an expert in foreign exchange rates.

Cambist may also refer to a book providing information, such as exchange rates on world currencies and other mediums of exchange.


The term comes from the Latin word "cambiere" which means "to exchange." With the advent of electronics and fast-paced trading, manuals and books detailing exchange rates fell out of favor. Today, the term is used as a throwback to describe professional currency traders.

  1. International Currency Exchange ...

    An international currency exchange rate is the rate at which ...
  2. Adjustment

    The use of mechanisms by a central bank to influence a home currency's ...
  3. Currency Substitution

    The use of a foreign currency in transactions in place of the ...
  4. Spot Exchange Rate

    A spot exchange rate is the rate of a foreign-exchange contract ...
  5. Foreign Exchange Risk

    1. The risk of an investment's value changing due to changes ...
  6. Non-Directed Order

    A directive by a seller to a broker instructing the latter to ...
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