exchange rate

American  

noun

1. the ratio at which a unit of the currency of one country can be exchanged for that of another country.

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exchange rate British  

noun

1. the rate at which the currency unit of one country may be exchanged for that of another

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exchange rate Cultural  

1. 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.

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Etymology

Origin of exchange rate

First recorded in 1895–1900

Example Sentences

Adjusted for exchange rates, markets think Japan will be paying much more to borrow than the U.S.,

From The Wall Street Journal

Currency-market experts say central banks sometimes use rate checks as a tool to spark desired moves in exchange rates.

From MarketWatch

The central bank uses the exchange rate as its policy tool due to Singapore’s small and open economy.

From The Wall Street Journal

In the longer term, he added, responsible fiscal policy, not exchange rate intervention, is the only solution to high inflation.

From Barron's

In working out its figures, Deloitte said that the amounts have been translated using the 12-month average exchange rate at the time of the clubs' reported year end, with 1 euro equalling £0.84.

From BBC

Related Words

• rate of exchange