Definition of Exchange rate:
The value of one currency for the purpose of conversion to another.
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?
- 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.
- 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.
- The exchange rate of the dollar against the Deutschmark.
- 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