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 Rates
the market price of one currency against the market price of any other currency. The price is determined by demand and supply for money e.g. demand for USA products/services = demand for dollars = increase in price; also the opposite.
Exchange rates
The price of foreign currencies. If it costs $.42 to buy one Swiss Franc, the exchange rate is .4200. As one currency is inflated faster or slower than the other, the exchange rate will change, reflecting the change in relative value. The currency being inflated faster is said to be becoming weaker because more of it must be exchanged for the same amount of the other currency. As a currency becomes weaker, exports are encouraged because others can buy more with their relatively stronger currencies.
Exchange rates
Dutch: Wisselkoersen
French: Liste des taux de change
german: Liste der Umrechnungskurse
IBM 2008 - Alain Buyze