Bookkeeping foreign exchange, also known as clearing foreign exchange or negotiated foreign exchange, refers to the currency used as the pricing unit in international settlement according to bilateral or multilateral payment agreements.

Bookkeeping foreign exchange generally exists in the form of special accounts set up by the central banks of the two countries. At the end of the year, the banks of the two sides offset the import trade volume and related ancillary expenses to obtain the difference. The balance can be transferred to the next year's trade items for balance, or it can be paid off with free foreign exchange agreed by both parties in advance.