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.

---

exchange rate British  

noun

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

---

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.

---

Etymology

Origin of exchange rate

First recorded in 1895–1900

Example Sentences

They stressed that the short term would be marked by uncertainty, requiring close monitoring of key variables such as exchange rates and inflation.

From Barron's

Instead, a more effective approach would be aggressively tackling deflation to shore up the real exchange rate.

From The Wall Street Journal

However, inflation may be a concern, as raw material prices rose and weakness in the exchange rate weighed on firms, said Usamah Bhatti, economist at S&P Global Market Intelligence.

From The Wall Street Journal

“All they want to do is have a weak currency,” he said, adding that the tariffs he has imposed this year would be “worth much more” with rebalancing of exchange rates.

From The Wall Street Journal

Officials also said goals of stable growth and a reasonable recovery in prices will be taken into account for monetary policy, and vowed to keep the yuan’s exchange rate stable.

From The Wall Street Journal

Related Words

• rate of exchange