Rate-of-exchange definition

rates of exchange
Frequency:
The ratio at which the unit of currency of one country is or may be exchanged for the unit of currency of another country.
noun
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Other Word Forms

Noun

Singular:
rate-of-exchange
Plural:
rates of exchange

Rate-of-exchange Sentence Examples

  • In October the rate of exchange was at par, the premium on gold had disappeared, and by the end of the year the budget showed a surplus of sixteen millions.

  • The rate of exchange had become adverse (by May 1921 £i =1,850-1,900 Latvian rubles), and imported goods were getting more and more expensive to the consumer.

  • In 1899 the rate of exchange moved between 710% and 206% premium on gold.

  • United States' notes and silver are usually received at par; those of other nations are subject to a varying rate of exchange.

  • Besides these ten-mark pieces, there are Doppclkronen (double crowns), about equivalent in value to an English sovereign (the average rate of exchange being 20 marks 40 pfennige per LI sterling), and, formerly, half-crowns (halbe Kronen =5 marks) in gold were also issued, hut they have been withdrawn from circulation.

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