exchange rate
trade rate, barter rate, ratio of the value of one currency in relation to the value of another
Exchange rate
In
finance, the exchange rate (also known as the foreign-exchange rate, forex rate or FX rate) between two
currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 123
Japanese yen (JPY, ¥) to the
United States dollar (USD, $) means that JPY 123 is worth the same as USD 1. The
foreign exchange market is one of the largest markets in the world. By some estimates, about 2 trillion USD worth of currency changes hands every day.
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exchange rate
Noun
1. the charge for exchanging currency of one country for currency of another
(synonym) rate of exchange
(hypernym) rate, charge per unit
Exchange rate
The price of one country's
currency expressed in another country's currency.
Exchange rate
Exchange rate
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