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

The ECB does not target any particular exchange rate, but officials do monitor currency movements as they could impact inflation.

From Barron's

“It has become more likely that exchange rate factors will push up prices,” as the country’s dependence on imports increases, a BOJ board member said.

From The Wall Street Journal

While the bolívar remains the official currency, the dollar serves as an alternative and benchmark, with both an official exchange rate and a “parallel,” free-market value.

From Los Angeles Times

Ordinarily, intervention can’t sustainably alter exchange rates unless backed by economic fundamentals—most important, monetary policy.

From The Wall Street Journal

It maintained the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, aiming to underpin medium-term price stability.

From The Wall Street Journal

Related Words

• rate of exchange