Meaning & use
exchange rate
The value of one country's currency compared with another, used to convert amounts between them.
See it in a sentence
The exchange rate meant that one dollar was worth about ninety yen that week.
Travelers should check the current exchange rate before converting large sums of money.
A note on using this word
Exchange rates float constantly with market conditions, so the rate a bank offers often differs slightly from the market rate.
Words with a similar meaning
This term is best learned through its definition and examples.
Choose a synonym to suit the sentence. Meanings can overlap without being identical.
Make it your own
Write a sentence using “exchange rate”, then compare your use with the examples above.
Your draft stays on this page and is not sent anywhere.