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exchange rate

1 ENTRIES FOUND:
exchange rate noun
plural exchange rates
exchange rate
noun
plural exchange rates
Learner's definition of EXCHANGE RATE
[count]
: a number that is used to calculate the difference in value between money from one country and money from another country汇率;兑换率
called also rate of exchange
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exchange rate

noun

: the ratio at which the principal unit of two currencies may be traded

Example Sentences

Recent Examples on the Web The sign outside advertised the official exchange rate: 130 pesos to the dollar. Dave Seminara, WSJ, 21 Aug. 2022 That would have a cost of 113 billion pesos a month, or 1.4 trillion pesos a year, about $10 billion at the official exchange rate. Agustino Fontevecchia, Forbes, 2 Aug. 2022 Ukraine’s central bank devalued the official hryvnia exchange rate to protect its foreign-currency reserves as Russia’s invasion ravages the economy. Bloomberg.com, 21 July 2022 Remote employees may also decide to move to places where inflation and exchange rate fluctuations work to their advantage. Christine Mui, Fortune, 2 July 2022 The Afghan central bank needs those funds to resume key functions aimed at stemming soaring inflation, stabilizing the exchange rate and reviving the ailing economy. Jessica Donati, WSJ, 15 Aug. 2022 For the first time in nearly two decades, the exchange rate between the euro and the dollar is roughly the same. Will Daniel, Fortune, 8 July 2022 Oil is priced in dollars, so if a country is an energy importer, the exchange rate also plays a role. Kate Gibson, CBS News, 21 June 2022 That is the exchange rate for the ruble against the dollar as of Friday morning. Siladitya Ray, Forbes, 10 June 2022 See More

Word History

First Known Use

1855, in the meaning defined above

Time Traveler
The first known use of exchange rate was in 1855
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