Exchange-rate meaning

A rate of exchange.
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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.
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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.
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(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.
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(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.
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