From Longman Dictionary of Contemporary Englishexchange rateexˈchange rate noun [countable] PECthe value of the money of one country compared to the money of another country a more favourable exchange rate
Examples from the Corpus
exchange rate• Exchange rate: The exchange rate in early December was quite favorable.• The comparison of the effective exchange rate and actual rates clearly demonstrates the value and necessity for a weighted exchange rate.• The official exchange rate, was henceforth to be adjusted weekly in line with the prevailing market rate.• A comparison of this approach with simple exchange rate conversions changed the rankings.From Longman Business Dictionaryexchange rateexˈchange rate noun [countable] FINANCE the price at which one currency can be bought with anotherIf the yen-dollar exchange rate remains at its current level, U.S. exporters could lose $5 billion to $10 billion in business annually. → cross rate → equilibrium exchange rate → fixed exchange rate → floating exchange rate → forward exchange rate → intervention rate → official exchange rate → spot (exchange) rate → trade-weighted exchange rate → unofficial exchange rate 