exchange rate
Money's relative worth
An exchange rate is the value of one currency expressed in terms of another—how many yen you get for a dollar, how many dollars for a euro.
Exchange rates fluctuate based on economic conditions, interest rates, and market speculation.
A favorable exchange rate means your money buys more abroad: Check the exchange rate before you travel.
- central bankNational currency management institution
- inflationSustained price level increase
- currencyMedium of exchange
- arbitrageExploiting price discrepancies
- forexCurrency trading market
peg · trade · depreciation · monetary policy · balance of payments · swap · conversion · hedging · trade deficit · import export · legal tender · trade balance · money changer · economic indicator · sterling · euro · ticker · speculation
- exchangestrading, swap, swapping, barter, bartering
- ratesroyalty, per diem, percentage, ratio, bond yield
- conversionsconvert, encoding, transcoding, reformatting, digitization
- currency historygold standard, silver standard, bimetallism, fiat money, fiat currency
- International Transferswire transfer, SWIFT, remittance, bank transfer, cross-border
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
exchange ratefixed rate
Unchanging interest percentage
pegged currency · dollarization · gold standard · monetary union · Bretton Woods system
rate, exchange, rating, rates, rated, underrate, overrate, exchanged, exchanges