the rate at which one currency (such as dollars) can be exchanged for another (such as euros, yen, or pounds)
The price of a country's currency in terms of another country's currency [FRBM][FRBSF] The price of one currency in terms of another [FACS] (see also currency depreciation, currency devaluation, currency revaluation, dirty float, fiscal policy, fixed exchange rate system, floating exchange rate system, foreign currency operations, purchasing power parity theory, exchange) (includes fixed exchange rates, floating exchange rates, foreign exchange rate)
trade rate, barter rate, ratio of the value of one currency in relation to the value of another
The price of one currency expressed in terms of another, i e , the number of units of one currency that may be exchanged for one unit of another currency
The price of one currency in terms of another, that is, the number of units of one currency that may be exchanged for one unit of another currency
The price of one unit of a particular country's currency in terms of another country's currency
The exchange rate of a country's unit of currency is the amount of another country's currency that you get in exchange for it. A rate of exchange. the value of the money of one country compared to the money of another country. Price of one country's money in relation to another's. Exchange rates may be fixed or flexible. An exchange rate is fixed when two countries agree to maintain a fixed rate through the use of monetary policy. Historically, the most famous fixed exchange-rate system was the gold standard; in the late 1850s, one ounce of gold was defined as being worth 20 U.S dollars and 4 pounds sterling, resulting in an exchange rate of 5 dollars per pound. An exchange rate is flexible, or "floating," when two countries agree to let international market forces determine the rate through supply and demand. The rate will fluctuate with a country's exports and imports. Most world trade currently takes place with flexible exchange rates that fluctuate within relatively fixed limits. See also exchange control, foreign exchange
Also "rate of exchange"; the price at which one currency can be bought with another currency or commodity such as gold Ideally, the rate is determined by supply and demand in the foreign exchange market, but is frequently fixed by government
The price of a currency expressed in terms of other currencies or gold Fixed exchange rates prevail when governments agree to maintain the value of their currencies at pre-established levels This is also known as maintaining parity Floating exchange rates allow the market to determine the ralative value of currencies