WordValeexchange rate
the value of one currency against another
In more detail
the amount of one currency that you can get for another currency; the value of one country's money compared to another country's money
Examples
- The exchange rate between the dollar and the euro changes every day.
- I checked the exchange rate before traveling to Japan to know how much yen I would receive.
How to use exchange rate
Exchange rate refers to the specific numerical ratio at which one currency converts to another, commonly used in finance, travel, and international business contexts. It is a neutral, factual term that can be favorable or unfavorable depending on whether you benefit from the conversion. It differs from similar terms in being the most standard, general expression for this concept in both formal and everyday speech.
Common phrases
- exchange rate fluctuates
- favorable exchange rate
- unfavorable exchange rate
- exchange rate rises
- exchange rate falls
- current exchange rate
Synonyms
conversion rate · rate of exchange · parity · cross rate
Word family
exchange (verb/noun) · exchanger (noun)
A common mistake
Learners sometimes say 'exchange rate between two currencies' when 'exchange rate of one currency against/to another' is more precise, though the between-phrasing is not strictly incorrect.
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