exchange rate


Rate at which one currency may be converted into another. The exchange rate is used when simply converting one currency to another (such as for the purposes of travel to another country), or for engaging in speculation or trading in the foreign exchange market. There are a wide variety of factors which influence the exchange rate, such as interest rates, inflation, and the state of politics and the economy in each country. also called rate of exchange or foreign exchange rate or currency exchange rate.

Use exchange rate in a sentence

When doing business with European companies, the exchange rate always influenced final decisions of the American financial company.

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I wanted to know the exchange rate for the money, so I could get some when I went to the store.

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While shopping at Ikea in Canada they were able to take advantage of the exchange rate. They were able to buy so much more at the stores because of the additional money.

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Exchange Equalisation Account leads and lags