What is the meaning of foreign exchange rate?

foreign exchange rate is the price of one nation's currency denominated in the currency of another nation. For example, the value of British pounds expressed in U. S. Dollars.

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APABarry Goldsmith. (2010). foreign exchange rate. Retrieved September 21, 2026, from http://smartdefine.org/foreign_exchange_rate/definitions/1154377
ChicagoBarry Goldsmith. 2010. "foreign exchange rate" http://smartdefine.org/foreign_exchange_rate/definitions/1154377 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, foreign exchange rate, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/foreign_exchange_rate/definitions/1154377>.
MLABarry Goldsmith. "foreign exchange rate" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/foreign_exchange_rate/definitions/1154377>