rate of exchange, exchange rate(noun)
the charge for exchanging currency of one country for currency of another
The amount of one currency that a person or institution defines as equivalent to another when either buying or selling it at any particular moment
The rate at which one currency can be exchanged for another, usually expressed as the value of the one in terms of the other.
In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency. For example, an interbank exchange rate of 91 Japanese yen to the United States dollar means that ¥91 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥91. Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, a different buying rate and selling rate will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell the currency. The quoted rates will incorporate an allowance for a dealer's margin in trading, or else the margin may be recovered in the form of a "commission" or in some other way. Different rates may also be quoted for cash, a documentary form or electronically. The higher rate on documentary transactions is due to the additional time and cost of clearing the document, while the cash is available for resale immediately. Some dealers on the other hand prefer documentary transactions because of the security concerns with cash.
The numerical value of exchange rate in Chaldean Numerology is: 8
The numerical value of exchange rate in Pythagorean Numerology is: 3
Sample Sentences & Example Usage
They cannot do anything about the exchange rate.
Obviously the exchange rate flatters the numbers.
The principle impact on the real economy is through the exchange rate and that's what we are seeing.
Reform of the renminbi exchange rate formation regime will continue in the direction of market operation.
Competitiveness will be restored over the medium- and long- term with the modification of the exchange rate.
Images & Illustrations of exchange rate
Translations for exchange rate
From our Multilingual Translation Dictionary
- سعر صرفArabic
- валутен курсBulgarian
- měnový kurzCzech
- Wechselkurs, TauschrateGerman
- tipo de cambioSpanish
- نرخ ارزPersian
- taux de change, cours de changeFrench
- विनिमय दरHindi
- կուրս, փոխարժեքArmenian
- tasso di cambioItalian
- 為替相場, 為替レートJapanese
- ვალუტის კურსიGeorgian
- девизен курсMacedonian
- valutakurs, vekslingskursNorwegian
- kurs wymiany, kursPolish
- taxa de câmbioPortuguese
- curs valutarRomanian
- валютный курс, курс обмена, курсRussian
- tỷ giá hối đoáiVietnamese
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"exchange rate." Definitions.net. STANDS4 LLC, 2018. Web. 18 Mar. 2018. <https://www.definitions.net/definition/exchange rate>.