Meaning of the word "exchange rate" in English
What does "exchange rate" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
exchange rate
US /ɪksˈtʃeɪndʒ reɪt/
UK /ɪksˈtʃeɪndʒ reɪt/
Noun
1.
the value of one currency for the purpose of conversion to another
Example:
•
The exchange rate between the dollar and the euro fluctuates daily.
•
Always check the current exchange rate before converting money.
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