English · Travel & Places
exchange rate
/ɪksˈtʃeɪndʒ reɪt/
[/ɪksˈtʃeɪndʒ reɪt/]
value between currencies
Advancednoun
Definition
The value of one country's money compared with another's.
Example
The exchange rate was favourable, so they got more local money for their dollars.
The exchange rate was favourable, so they got more local money for their dollars.
Etymology
A compound of 'exchange' (Old French 'eschangier') and 'rate' (Latin 'rata').
How & Where It’s Used
Used in travel and financial contexts.