rate of exchange

rate of exchange
= exchange rate
The price of one currency in terms of another. It is usually expressed in terms of how many units of the home country's currency are needed to buy one unit of the foreign currency. However, in some cases, notably in the UK, it is expressed as the number of units of foreign currency that one unit of the home currency will buy. Two rates are usually given, the buying and selling rate; the difference is the profit or commission charged by the organization carrying out the exchange.

Big dictionary of business and management. 2014.

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  • rate of exchange — n. EXCHANGE RATE * * * …   Universalium

  • rate of exchange — rate′ of exchange′ n. exchange rate • Etymology: 1720–30 …   From formal English to slang

  • rate of exchange — n. EXCHANGE RATE …   English World dictionary

  • rate of exchange — See: exchange rate * * * rate of exchange rate of exchange ➔ exchange rate * * * rate of exchange UK US noun [C] (plural rates of exchange) ► FINANCE EXCHANGE RATE(Cf. ↑ …   Financial and business terms

  • rate of exchange — rates of exchange N COUNT A rate of exchange is the same as an exchange rate. ...four thousand dinars about four hundred dollars at the official rate of exchange. Syn: exchange rate …   English dictionary

  • rate of exchange — UK / US noun [countable] Word forms rate of exchange : singular rate of exchange plural rates of exchange the exchange rate …   English dictionary

  • rate of exchange — valiutos kursas statusas Aprobuotas sritis buhalterinė apskaita ir finansinė atskaitomybė apibrėžtis Lietuvos banko skelbiamas Lietuvos Respublikos piniginio vieneto ir užsienio valiutos santykis. atitikmenys: angl. currency rate; exchange rate;… …   Lithuanian dictionary (lietuvių žodynas)

  • rate of exchange — /ˌreɪt əv ɪks tʃeɪndʒ/ noun same as exchange rate ● The current rate of exchange is $1.60 to the pound …   Dictionary of banking and finance

  • rate of exchange — rate of ex change n the ↑exchange rate …   Dictionary of contemporary English

  • rate of exchange — rate of ex change noun count the EXCHANGE RATE …   Usage of the words and phrases in modern English

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