rate of exchange

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Definitions from WordNet

Noun rate of exchange has 1 sense

rate of exchange, exchange rate - the charge for exchanging currency of one country for currency of another
--₁ is a kind of rate, charge per unit

Definitions from the Web

Term: Rate of Exchange

Definition: The rate at which one currency can be exchanged for another currency.

Examples:

Noun: The rate of exchange between the Euro and the US Dollar has been fluctuating this week.

Verb: You can exchange your currency at this bank, but they might rate it at a lower exchange rate.

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