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

“They’ve come up with their valuations and their share exchange rates, and you don’t know how accurate those numbers are, particularly since neither one is public.”

From The Wall Street Journal

The Danish jeweler is navigating the uncertainty around changes in precious-metal prices as well as other headwinds such as foreign exchange rates, and tariffs in the U.S.

From The Wall Street Journal

She will avoid "indicating a clear direction for monetary policy if the euro reaches a certain exchange rate", preferring instead to "remain neutral", he added.

From Barron's

“Recent events, like the appreciation of the euro exchange rate, underline this risk,” he added.

From Barron's

The Danish drugmaker said Tuesday that adjusted sales and operating profit are both expected to fall by between 5% and 13% at constant exchange rates this year, a weaker forecast than some had expected.

From The Wall Street Journal

Related Words

• rate of exchange