exchange rate

noun

Definition of exchange rate

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

Examples of exchange rate in a Sentence

Recent Examples on the Web Officially the currency remained pegged to the dollar at 1,507.50 pounds, but in practice the banks had a different exchange rate: 3,900 pounds to the dollar. Rania Abouzeid, The Atlantic, "After the Blast," 12 Mar. 2021 If state authorities adopt this proposal, the yuan would have a third exchange rate on top of the existing two. Mary Hui, Quartz, "One way China could make its digital yuan go global: pay people to use it," 3 Dec. 2020 For the nine-month period this year, the exchange rate used is 105.9 yen to the dollar and 108.65 yen to the dollar for last year. Ed Christman, Billboard, "Sony Music Quarterly Profit Surges 71% On Big Streaming, Physical Gains," 3 Feb. 2021 At the current exchange rate, Canadian fall colours are only 76 percent as beautiful as U.S. fall colors. Washington Post, "Style Invitational Week 1414: Divining comedy — the year in preview," 10 Dec. 2020 This story uses an exchange rate of 104.5 yen to the U.S. dollar for the third quarter of 2020 and 108.8 yen to the dollar for the third quarter of the prior year. Ed Christman, Billboard, "Sony Music Quarterly Profit Surges 71% On Big Streaming, Physical Gains," 3 Feb. 2021 It was listed for $16.5 million, based on the exchange rate at the time. Ruth Bloomfield, WSJ, "It Took One London Family Nearly a Decade to Complete This Contemporary Home," 14 Jan. 2021 The most important price in an economy is the exchange rate between the local currency and the world’s reserve currency, the U.S. dollar. Steve H. Hanke, National Review, "Hanke’s Inflation Dashboard: Measurements vs. Forecasts," 5 Nov. 2020 The rial weakened 4% against the dollar, according to an average exchange rate based on prices quoted by traders on the unregulated, open market in Tehran. Golnar Motevalli, Bloomberg.com, "Prospect of More Trump Is Actually Good for Some Iranian Stocks," 4 Nov. 2020

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.

See More

First Known Use of exchange rate

1855, in the meaning defined above

Keep scrolling for more

Learn More about exchange rate

Time Traveler for exchange rate

Time Traveler

The first known use of exchange rate was in 1855

See more words from the same year

Statistics for exchange rate

Last Updated

19 Mar 2021

Cite this Entry

“Exchange rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/exchange%20rate. Accessed 20 Apr. 2021.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

Keep scrolling for more

More Definitions for exchange rate

exchange rate

noun

English Language Learners Definition of exchange rate

: a number that is used to calculate the difference in value between money from one country and money from another country

More from Merriam-Webster on exchange rate

Britannica English: Translation of exchange rate for Arabic Speakers

Britannica.com: Encyclopedia article about exchange rate

Comments on exchange rate

What made you want to look up exchange rate? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

Test Your Vocabulary

Name that Thing: Flower Edition

Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
 AlphaBear 2

Spell words. Make bears.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!