Search
Exchange rate
01
the value of a country's currency compared to another country's currency
exchange rate
n
Example
The exchange rate between the dollar and the euro fluctuated significantly this week.
Due to the change in the exchange rate, the cost of imported goods increased.
She monitored the exchange rate closely to get the best deal when transferring money to another country.
When traveling abroad, it's important to check the exchange rate to understand how much local currency you will get for your money.
The favorable exchange rate made it an excellent time for investors to buy foreign stocks.
