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- DictionaryEx·change rate/ɪksˈtʃeɪndʒreɪt/
noun
- 1. the value of one currency for the purpose of conversion to another: "the exchange rate of the dollar against the Deutschmark"
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Nov 28, 2023 · Define Exchange Rate in Simple Terms. An exchange rate is a metric by which the value of one currency is compared to another. It can be thought of as a measure of how much of the second currency can be "bought" with an amount of the first currency.
noun. : the ratio at which the principal unit of two currencies may be traded. Examples of exchange rate in a Sentence. Recent Examples on the Web Converting those Cuban pesos to other currencies poses yet another challenge, as there are several, highly fluctuating exchange rates in the island.
Apr 30, 2024 · exchange rate, the price of a country’s money in relation to another country’s money. An exchange rate is “fixed” when countries use gold or another agreed-upon standard, and each currency is worth a specific measure of the metal or other standard. An exchange rate is “floating” when supply and.
Jul 27, 2022 · Key Takeaways. Foreign exchange, also known as forex, is the conversion of one country's currency into another. The value of any particular currency is determined by market forces related to...
Apr 27, 2021 · InvestingAnswers Expert. Updated April 27, 2021. What is an Exchange Rate? An exchange rate between two countries' currencies indicates the value of one currency relative to the other. Exchange Rate Example. Let's say the current exchange rate between the dollar and the euro is 1.23 $/€.
Mar 6, 2024 · An exchange rate is the relative value of one country’s currency versus another. According to the most recent BIS Triennial Central Bank Survey on foreign exchange and over-the-counter (OTC)...
noun [ C ] uk us (also rate of exchange) Add to word list. ECONOMICS, FINANCE. the rate at which the currency of one country can be changed for the currency of another country: a fall/rise in the exchange rate The fall in the exchange rate triggered a rise in inflation.
