exchange rate

noun

: 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 Most exchange offices in or around the historic bazaar are offering to buy dollars at exchange rates even better than the current market rate to meet the soaring demand. Scott McLean, CNN, 20 Mar. 2024 In these countries, the current exchange rate will be your greatest ally. Jessica Puckett, Condé Nast Traveler, 19 Mar. 2024 And keeping exchange rates off the lips of candidates running for the White House. William Pesek, Forbes, 28 Feb. 2024 Spending per trip this Lunar New Year was around 1,355 yuan ($188), a 9.5% drop from 2019’s level of 1,475 yuan ($205 at current exchange rates), according to calculations from Reuters. Lionel Lim, Fortune Asia, 19 Feb. 2024 Meanwhile, the country’s multiple exchange rates were unified to allow market forces to determine the rate of the local naira against the dollar, which in effect devalued the currency. Chinedu Asadu, The Christian Science Monitor, 20 Feb. 2024 The figure is even higher in the European Union: around $174 billion in 2022 at today’s exchange rate. Justin Worland, TIME, 12 Jan. 2024 Be sure to bring small bills to pay tolls on the toll road (about $7 to $8 each way, depending on the exchange rate). Nicole Sours Larson, San Diego Union-Tribune, 4 Dec. 2023 Nothing would revive Chinese growth faster than a weaker exchange rate. William Pesek, Forbes, 28 Feb. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'exchange rate.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1855, in the meaning defined above

Time Traveler
The first known use of exchange rate was in 1855

Dictionary Entries Near exchange rate

Cite this Entry

“Exchange rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/exchange%20rate. Accessed 29 Mar. 2024.

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