exchange rate

noun

1. the ratio at which a unit of the currency of one country can be exchanged for that of another country.

exchange rate

noun

1. the rate at which the currency unit of one country may be exchanged for that of another

exchange rate

1. 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.

Word History and Origins

Origin of exchange rate¹

First recorded in 1895–1900

Example Sentences

Sony raised console prices in the UK and Europe earlier this year, citing high inflation and fluctuating exchange rates.

From BBC

The official exchange rate of Bolivia's currency, the bolivianos, is certainly not helping matters.

From BBC

A British trader who was jailed in the United States for allegedly manipulating foreign exchange rates has had his conviction overturned after a nine-year struggle for justice.

From BBC

This forces some to look for US dollars on the black market, where the exchange rate is higher than the official rate of 1,750 kwacha for $1.

From BBC

The potential prize money was initially reported as £97m but the exchange rate between US dollars and British pounds has changed since then.

From BBC

Related Words

• rate of exchange