Related Information for Foreign Exchange Consisting of rapper/singer/songwriter Phonte and producer Nicolay from North Carolina, United States / Utrecht, Netherlands. The Foreign Exchange came together via the online hip-hop community in 2002. After trading files through Instant Messenger for over a year, Nicolay (living in his native Holland at the time) and Phonte (a Raleigh, NC resident) completed their debut album before they ever met each other in person. The album, Connected, was released in 2004 to positive.. read more