From Longman Dictionary of Contemporary Englishrate of exchangeˌrate of exˈchange noun [countable] PECthe exchange rate
Examples from the Corpus
rate of exchange• But how is a rate of exchange between two currencies established?• First, a further adjustment is necessary to convert the figures to the same currency using a rate of exchange.• The soul of a true Hero always finds a better rate of exchange, and is valued highly by the gods.• On consolidation, the assets and liabilities of overseas subsidiary and associated undertakings are translated at the completion rate of exchange.• To convert foreign currency into sterling divide the amount by the rate of exchange.• The domestic authorities can simply allow internal inflation to push down the rate of exchange.• This is to influence the rate of exchange. 