Recent Examples of exchange rate from the Web
And currency exchange bureaus, despite their convenience, commit airport robbery worse than the Lufthansa heist, based on the terrible exchange rates.
One is a more favorable exchange rate for the U.S. dollar.
Fluctuations in currency exchange rates affect Manpower more than most companies because the great majority of its revenue comes from outside the United States.
Less stimulus and higher interest can strengthen a currency's exchange rate.
At the black-market exchange rate, the average monthly salary in Venezuela amounts to roughly $____________.
Such events have occurred regularly since the world’s economic powers abandoned fixed exchange rates in 1973, a recent report by analysts at Deutsche Bank pointed out.
The statement attributed profit loss chiefly to unfavorable currency exchange rates.
Dollar prices are approximate, based on exchange rates at the time of writing.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'exchange rate.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of exchange rate
Financial Definition of EXCHANGE RATE
What It Is
An exchange rate between two countries' currencies indicates the value of one currency relative to the other.
How It Works
On June 16, 2010, the exchange rate between the dollar and the euro was 1.23 $/€. This means that to obtain one euro, you would need 1.23 dollars. Conversely, if you were about to take a vacation to Europe, you could take $1,000 to the bank and receive €813.01.
Exchange rates can be fixed or floating. If a country fixes its currency to that of another country, the exchange rate between those two currencies will not change. If a country has a floating exchange rate, the rate between its currency and any other currency will adjust to market conditions.
Why It Matters
The exchange rate between two currencies plays a major role in international trade and investment. For instance, if the dollar appreciates, or gains value, relative to the euro, Americans traveling in Europe will have greater purchasing power, but it will be more difficult for the U.S. businesses to export goods.
EXCHANGE RATE Defined for English Language Learners
Definition of exchange rate for English Language Learners
: a number that is used to calculate the difference in value between money from one country and money from another country
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