What does exchange rate mean?

Looking for the meaning or definition of the word exchange rate? Here's what it means.

Noun (economics) The amount of one currency that a person or institution defines as equivalent to another when either buying or selling it at any particular moment (economics) The rate at which one currency can be exchanged for another, usually expressed as the value of the one in terms of the other. Find more words! 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And we certainly wouldn't have the exchange rate distortions between the renminbi and the dollar. The increase in investment strengthens the exchange rate facilitating a deterioration in the balance of trade. The right conditions do not exist at the moment for China to adjust its yuan exchange rate. China is not a natural candidate for a fixed exchange rate against the dollar. It has been a tough couple of years amid the high exchange rate and tightened student visa checks. See Also What is another word for exchange rate? Sentences with the word exchange rate Words that rhyme with exchange rate What is the plural of exchange rate? Translations for exchange rate Nearby Definitions exchanger exchange editors exchange editor exchangedst exchanged exchangeably exchange rate risk exchange rates exchangers exchanges exchangest exchange student