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

While, in response to past allegations of unfairly controlling its currency's value, it's said it's committed to implementing a floating exchange rate regime, based on market supply and demand, but managed where necessary.

From BBC

As Milton Friedman explained in 1967, “a system of floating exchange rates completely eliminates the balance-of-payments problem.”

From The Wall Street Journal

Last year, the value of the luxury resale market hit 50 billion euros for the first time, based on estimates from Bain & Company, equivalent to $59 billion at current exchange rates.

From The Wall Street Journal

Last year, the value of the luxury resale market hit 50 billion euros for the first time, based on estimates from Bain & Co., equivalent to $59 billion at current exchange rates.

From The Wall Street Journal

“Everybody looks at what the Fed does, because it affects the global economy, but we…don’t look at it and then worry about the implications for the exchange rate,’ he said.

From The Wall Street Journal

Related Words

• rate of exchange