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rate of exchange

noun phrase
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Definition of rate of exchange

: the amount of one currency that will buy a given amount of another

First Known Use of rate of exchange

circa 1741, in the meaning defined above

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The first known use of rate of exchange was circa 1741

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Cite this Entry

“Rate of exchange.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/rate%20of%20exchange. Accessed 10 December 2019.

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