exchange-rate

exchange rate

noun
the ratio at which a unit of the currency of one country can be exchanged for that of another country.
Also called rate of exchange.


Origin:
1895–1900

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Collins
World English Dictionary
exchange rate
 
n
the rate at which the currency unit of one country may be exchanged for that of another

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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American Heritage
Cultural Dictionary

exchange rate definition


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.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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