Foreign exchange rate,
Definition of Foreign exchange rate:
Conversion rate of one currency into another. This rate depends on the local demand for foreign currencies and their local supply, countrys trade balance, strength of its economy, and other such factors.
How to use Foreign exchange rate in a sentence?
- The foreign exchange rate for dollars to euros has gone down in recent months, enabling the traveling dollar for Americans to be much more favorable.
- When I returned from Europe i traded my Euros for dollars, and was pleasantly pleased when the foreign exchange rate had improved since yesterday,.
- While traveling in Thailand, Mary discovered that the foreign exchange rate was much higher in the airport than in other parts of the country.
Meaning of Foreign exchange rate & Foreign exchange rate Definition