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English definition of “exchange rate”

exchange rate

noun [C]     (also rate of exchange)
ECONOMICS, FINANCE the rate at which the currency of one country can be changed for the currency of another country: a fall/rise in the exchange rate The fall in the exchange rate triggered a rise in inflation.a competitive/favourable/good exchange rate Maintaining low inflation is essential to secure a stable and competitive exchange rate. a high/low exchange rate exchange rate fluctuations/movements
→ See also equilibrium exchange rate, fixed exchange rate, floating exchange rate, forward exchange rate, official exchange rate, real exchange rate, spot exchange rate, trade-weighted exchange rate, unofficial exchange rate
(Definition of exchange rate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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