Definition of "exchange rate" []

• A rate of exchange. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The peso-to-dollar exchange rate had stood at about 22:1 since 1977."
• "Once the wheedle and static of the modem calmed down, I pulled up the currency exchange rate online: 1 euro to $1.38888."
• "These sixmonth instruments were denominated in dollars and yielded dollar interest, but were bought and redeemed in pesos using a controlled exchange rate see Exhibit 6."