Meaning of “equilibrium exchange rate” in the English Dictionary

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"equilibrium exchange rate" in Business English

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equilibrium exchange ratenoun [ S ]

uk us ECONOMICS

the rate of exchange for a currency at which the supply of that currency and the demand for it are equal:

He attempts to estimate an equilibrium exchange rate for sterling against the euro.

(Definition of “equilibrium exchange rate” from the Cambridge Business English Dictionary © Cambridge University Press)