exchange rateexchange rate
the rate, based on relative values, at which the currency of one country or region may be exchanged for that of another country or region
A rate of exchange.
(plural exchange rates)
- (economics, finance) The amount of one currency that a person or institution defines as equivalent to another when either buying or selling it at any particular moment
- (economics, finance) The rate at which one currency can be exchanged for another, usually expressed as the value of the one in terms of the other.
exchange rate - Investment & Finance Definition
The expression of one nation’s currency in terms of another nation’s currency. It is the price at which one currency can be traded for another.