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exchange rate

the ratio at which a unit of the currency of one country can be exchanged for that of another country.
Also called rate of exchange.
Origin of exchange rate
First recorded in 1895-1900 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for exchange rate

exchange rate

the rate at which the currency unit of one country may be exchanged for that of another
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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exchange rate in Culture

exchange rate definition

The price at which one currency can be purchased with another currency or gold. At any time, for example, one U.S. dollar can purchase a certain number of EU euros or Japanese yen.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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