Definition of "rate of exchange" []

• The ratio at which the unit of currency of one country is or may be exchanged for the unit of currency of another country. (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 order on the treasury about the rate of exchange was given by Kinsky previous to his consent to pay me my salary in Einloesung Schein, as the documents prove; indeed it is only necessary to examine the date to show this, so the first instruction is of importance."
• "During the fluctuating state of the Assignats of France, I must ask the favor of you to inform me in every letter of the rate of exchange between them & coin, this being necessary for the regulation of our custom houses."
• "Yet the fact is that the high rate of exchange and the depredatory U-boat represented almost identically the same danger."