: the ratio at which the principal unit of two currencies may be traded
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According to the Luxury Goods Worldwide Market Study by Bain & Company and Altagamma released in November, spending in China is set to contract by between 3 and 5 percent this year at constant exchange rates.—Sofia Celeste, Footwear News, 19 Dec. 2025 At current exchange rates, the 2026 estimate would still trail the average of the last three pre-pandemic years (2017-2019) by 12%.—Naman Ramachandran, Variety, 18 Dec. 2025 Prices are approximate and may vary based on the treatment plan, materials used, and exchange rates.—Matt Emma, USA Today, 12 Dec. 2025 The central bank has been pressured to cut rates despite sky-high inflation, to sustain cheap credit booms, and to use its reserves to hold down the exchange rate.—Ekrem Imamoglu, Foreign Affairs, 11 Dec. 2025 See All Example Sentences for exchange rate
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