par of exchange
Definition of par of exchange
: the value of the monetary unit of one country expressed in terms of the monetary unit of another country using a given standard of value (as purchasing power); specifically : par 1a
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up par of exchange? Please tell us where you read or heard it (including the quote, if possible).