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

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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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
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Exchange rate is always a great word to know.
So is bezoar. Does it mean:
the offspring of a zebra and a donkey.
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
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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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Example sentences
The exchange rate was floated, foreign-exchange controls were scrapped and
  financial markets were deregulated.
Meanwhile, the exchange rate was artificially high, leading to a sharp rise in
  the trade deficit.
Plus, get the best exchange rate and avoid standing in long bank lines.
The rate at which outdoor air replaces indoor air is described as the air
  exchange rate.
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