exchange rate
noun [ C ]
ukus(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