the ratio at which a unit of the currency of one country can be exchanged for that of another country.
TAKE ROUND 2 OF OUR PSAT VOCABULARY QUIZ!
Here is our second set of teacher-selected PSAT vocabulary words. Do you know the meanings of these terms?
Question 1 of 10
Also called rate of exchange.
Origin of exchange rate
First recorded in 1895–1900
Words nearby exchange rate
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
Example sentences from the Web for exchange rate
[W] thout an exchange-rate safety valve you need an alternate way to rebalance economies.
British Dictionary definitions for 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
Cultural definitions for exchange rate
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.