exchange rate (B1)
noun phrase
Pronunciation: [ɪksˈtʃeɪndʒ reɪt]
Definition
The value of one country's currency expressed in terms of another country's currency.
Examples
The exchange rate between the US dollar and the Euro fluctuates daily.
If the exchange rate is favorable, it's a good time to buy foreign currency.
We need to check the current exchange rate before we go on holiday.
How to Use exchange rate
- exchange rate for (prepositional phrase)
- Specifies which currencies are being compared. — "What is the exchange rate for the British Pound to the Japanese Yen?"
- exchange rate between (prepositional phrase)
- Indicates the two currencies involved in the comparison. — "The exchange rate between the Canadian dollar and the US dollar is currently 1:0.75."
Synonyms of exchange rate
Words with a similar meaning to exchange rate:
Antonyms of exchange rate
Words with the opposite meaning to exchange rate:
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