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Exchange rate
01
the value of a country's currency compared to another country's currency
Example
The currency exchange rate is one euro to two dollars.
The investor locked in a favorable exchange rate for their currency transaction, ensuring a predictable outcome.
The convertible currency can be easily exchanged for another currency at the current exchange rate.
Following the unexpected announcement, the currency exchange rate started to plummet.
The company implemented a currency hedge to mitigate the impact of exchange rate fluctuations on its international transactions.
