exchange rate

noun

1. the ratio at which a unit of the currency of one country can be exchanged for that of another country.

exchange rate

noun

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

exchange rate

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.

Word History and Origins

Origin of exchange rate¹

First recorded in 1895–1900

Example Sentences

When he took over, the exchange rate was 460 naira to the US dollar.

From BBC

It accused the digital platform - where investors can buy, sell and trade cryptocurrencies - of fixing exchange rates and currency speculation leading to the free-fall of the local currency.

From BBC

Its accounts are quick to open and offer competitive foreign exchange rates in an easy-to-use app.

From BBC

According to the Reuters new agency, RBZ said in a statement that its Monetary Policy Committee made the move to allow greater exchange rate flexibility.

From BBC

The firm’s research found that many countries are enjoying a bounty of video choices, in some cases at a lower price than what U.S. subscribers are paying, reflecting economic situations and exchange rates.

From Los Angeles Times

Related Words

• rate of exchange