What is the meaning of rate of exchange?

rate of exchange is the amount of currency of one nation that may be purchased on a specific date with a specified amount of the currency of another nation.

5
 
|15 years ago|245 views|share |citing 
APABarry Goldsmith. (2010). rate of exchange. Retrieved September 24, 2026, from http://smartdefine.org/rate_of_exchange/definitions/1161745
ChicagoBarry Goldsmith. 2010. "rate of exchange" http://smartdefine.org/rate_of_exchange/definitions/1161745 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, rate of exchange, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/rate_of_exchange/definitions/1161745>.
MLABarry Goldsmith. "rate of exchange" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/rate_of_exchange/definitions/1161745>
{ class="autoclick" }next definition (/)