exchange rate (also rate of exchange) noun [C]

FLOATING EXCHANGE RATE, REAL EXCHANGE RATE

the relation in value between one currency and another:

The current exchange rate is 50 rupees to the euro.

the rupee/euro exchange rate

The euro has a high exchange rate against the yen.

movements/fluctuations in the exchange rate

We need a competitive exchange rate (= attractive to buy) to get the economy growing.

The peso was pegged to the US dollar at a one-to-one exchange rate.

SYN CURRENCY RATE

a high/low/stable/strong/weak exchange rate

◆ a competitive/favourable exchange rate

◆ the exchange rate drops/falls/rises an exchange rate regime/system

• deductible
• deduction
• deed
• deed of arrangement
• deed of partnership
• deep
• deep-discount
• deepen
• de facto
• defalcation
• defamation
• defamatory
• default
• default judgement
• defect
• defective
• defence
• defence document
• defend
• defendant
• defensive
• defer
• deferred
• deferred credit
• deferred liability