another. The value of the Japanese yen in terms of dollar is the / exchange rate. The term used to describe the process of buying low and selling high to make a profit. A floating exchange rate is where a currency rate is determined by market forces.
Thus, an exchange rate has two components, the domestic currency, and a foreign currency, and can be"d either directly or indirectly. Definition of exchange rate : Rate at which one currency may be converted into another. The exchange rate is used when simply converting one. Use exchange rate in a sentence. When doing business with European companies, the exchange rate always influenced final decisions of the.
Dollars in forex fury coupon sixty days. Exchange rate - the charge for exchanging currency of one country for currency of another rate of exchange charge per unit, rate - amount of a charge or payment relative to some basis; "a 10-minute phone call at that rate would cost 5". Most exchange rates use the US dollar as the base currency and other currencies as the counter currency. Refers to the exchange rate that prevails on the spot, that is, for trades to take place immediately. Thus the value of the euro in terms of British pounds is given as the / exchange rate.