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

Poland’s independent monetary policy and flexible exchange rate, Glapinski argued, have been critical to its ability to navigate global economic shocks, from the pandemic to the 2022 energy crisis and now renewed geopolitical tensions.

From The Wall Street Journal

On monetary policy, imported price pressures should continue to be damped by ongoing appreciation of the Singapore dollar nominal effective exchange rate’s policy band, he says.

From The Wall Street Journal

If you go to a restaurant charging €19.50, your total cost for a veal steak with rice and a crème brûlée is just $23 at current exchange rates.

From Barron's

The German sporting-goods retailer announced a €400 million hit from tariffs and exchange rate changes.

From The Wall Street Journal

One of those uncertainties is the fate of the euro’s exchange rate.

From The Wall Street Journal

Related Words

• rate of exchange