Exchange Rate
Noun
US
/ɪksˈtʃeɪndʒ reɪt/
UK
/ɪksˈtʃeɪndʒ reɪt/
US
/ɪksˈtʃeɪndʒ reɪt/
UK
/ɪksˈtʃeɪndʒ reɪt/
The value of one currency expressed in terms of another.
Exchange Rate is a fundamental concept used in financial statements and business planning.
Also known as: FX Rate, Currency Rate. Closely related to Forex, Currency.
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Exchange Rate - key concept in Basic Finance.
International trade; Travel; Import/Export
Applied in Basic Finance contexts: International trade; Travel