exchange rate

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.

1895–1900 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
exchange rate
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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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
Plus, get the best exchange rate and avoid standing in long bank lines.
Avoid anyone who promises you a better exchange rate than what you will receive
  at a proper business.
Nowhere does he say, or even hint, that it is impossible for an exchange rate
  shift to influence trade balances.
Meanwhile, the exchange rate was artificially high, leading to a sharp rise in
  the trade deficit.
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