Exchange-rate
noun
1.
the ratio at which a unit of the currency of one country can be exchanged for that of another country.
noun
1.
the rate at which the currency unit of one country may be exchanged for that of another
The price at which one currency can be purchased with another currency or gold. At any time, for example, one U.S. dollar can purchase a certain number of EU euros or Japanese yen.
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noun 1. the mechanism formerly used in the European Monetary System in which participating governments committed themselves to maintain the values of their currencies in relation to the ECU ERM 2. Also Exchange Rate Mechanism II. the mechanism used to stabilize the currencies of European Union states that have not adopted the euro but wish […]
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