exchange rate

Definitions

General English

Accounting

  • noun a rate at which one currency is exchanged for another.
  • noun a figure that expresses how much a unit of one country‚Äôs currency is worth in terms of the currency of another country

Economics

  • noun a price at which one currency is exchanged for another.

Health Economics

  • (written as Exchange Rate)
    The number of units of a foreign currency that can be bought with a unit of the domestic currency. A rising exchange rate from the perspective of the domestic economy is, of course, a falling rate from the perspective of the other.
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