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1. (n.) exchange rate
the ratio at which a unit of the currency of one country can be exchanged for that of another country.
Etymology: (1895–1900)
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| Definition of 'exchange rate' |
Princeton's WordNet |
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1. (noun) rate of exchange, exchange rate
the charge for exchanging currency of one country for currency of another
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1. (noun) exchange rate
the relation which determines the amount of one currency you can buy with another
the current exchange rate; a favorable exchange rate
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