Recent Examples of exchange rate from the Web
Americans are attracted by the country’s increased safety (largely thanks to the peace deal) and the decline in value of the peso, which makes for a favorable exchange rate.
One US dollar today is worth 68,915 bolivares, according to the black market exchange rate the locals use.
In 1944, at the Bretton Woods Conference, Keynes helped to negotiate a way of harmonizing exchange rates that gave national governments enough elbow room to boost their domestic economies when necessary.
But some of Switzerland’s major exports aren’t sensitive to exchange ratesWhile sectors like tourism suffered, the overall economy avoided recession and, in recent months, has been growing at around a 2% annual rate.
His officials have shut currency exchanges, chased money-changers off the streets and fixed the exchange rate.
Ponzi tried to take advantage of wildly fluctuating exchange rates following World War I, buying and selling international postal reply coupons and promising investors a 50 percent return on their money within 45 days.
The system will choose the median value of these votes as the official exchange rate.
Sanofi’s sales of generic medicines fell 3.3 percent at constant exchange rates last year, while overall sales climbed 5.6 percent, the company said in February.
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.
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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