Exchange rate

Exchange rate,

Definition of Exchange rate:

  1. The value of one currency for the purpose of conversion to another.

  2. Price for which the currency of a country can be exchanged for another countrys currency. Factors that influence exchange rate include (1) interest rates, (2) inflation rate, (3) trade balance, (4) political stability, (5) internal harmony, (6) high degree of transparency in the conduct of leaders and administrators, (7) general state of economy, and (8) quality of governance.

How to use Exchange rate in a sentence?

  1. The exchange rate between one country and another countrys currency means that you must pay attention to how much money you have before exchanging it when going to another country.
  2. Because of the more than friendly EXCHANGE RATE in Mexico, I was able to secure rights to numerous pharmeuceutical drugs that would normally be 5 times the price in the united states.
  3. The exchange rate of the dollar against the Deutschmark.
  4. When dealing in foreign affairs sometimes you will need to use a different currency and need to find the best exchange rate .

Meaning of Exchange rate & Exchange rate Definition

Exchange Rate,

Definition of Exchange Rate:

  • The definition of Exchange Rate is: The exchange rate for the currency of another country or another economic region is the value of a country's currency. For example, how many US dollars do you need to buy a euro? As of July 31, 2020, the exchange rate was 1.18, which means that buying a euro costs 1.18%.

    • The exchange rate is the value of a country's currency relative to the currency of another country or economic zone.
    • Most exchange rates float for free and will increase or decrease depending on market supply and demand.
    • Some currencies do not float freely and have limitations.

  • Exchange Rate definition is: Also known as exchange rate. The exchange rate, which may vary from day to day, in which the currency of one country can be exchanged for the currency of another.

Literal Meanings of Exchange Rate

Exchange:

Meanings of Exchange:
  1. The act of giving and receiving other people in return (especially of the same type or price).

Sentences of Exchange
  1. Ultimately, negotiations should be an exchange of land for peace.

Synonyms of Exchange

barter, switch, bandying, interchange, giving and taking, trade-off, swapping, trading, change, traffic, trade, trafficking, swap, reciprocity

Rate:

Meanings of Rate:
  1. Pay a fixed price or charge something for something, especially good or service.

Sentences of Rate
  1. The show has seemed a bit unfocused in recent episodes

Synonyms of Rate

assess, judge, put a value on, adjudge, hold to be, deem to be, figure, evaluate, think to be, fare, measure, outlay, gauge, weigh up, judge to be, charge, find to be, tariff, reckon to be, cost, estimate