exchange rate






noun

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

noun

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

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

53 queries 1.210