Recent Examples of exchange rate from the Web
Venezuela has tried to prop up an official exchange rate as low as 10 bolívars to the dollar.
The exchange rate is very favorable right now, so the big apartment was about $70 per night.
One panal is equal to 5,000 bolivars, or about $1.50 at the official exchange rate and about five cents on the black market.
Argentina’s not cheap, but the exchange rate helped keep costs down.
Americans pay a premium for exchanging dollars, which means the exchange rate is not as good.
But the bank estimates that from the start of 2016 to the end of this year, 2.5 million to 3.6 million will have fallen back below the poverty line of 140 Brazilian reais per month, about $44 at current exchange rates.
Newslook FRANKFURT, Germany — European Central Bank head Mario Draghi has underlined his concern about the recent rise in the euro's exchange rate.
The dollar has enjoyed its privileged position since World War II, when central banks agreed to link exchange rates to the U.S. currency instead of gold, leading to them hold dollars in reserve instead of the metal.
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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