foreign exchange rate
Money translation ratio
A foreign exchange rate is the price of one currency expressed in terms of another—how many yen per dollar, euros per pound.
These rates fluctuate based on trade, interest rates, and market speculation.
The foreign exchange rate made our European vacation more expensive this year.
Often shortened to exchange rate or forex rate.
- floating rateInterest tied to index
- Bretton Woods systemPostwar fixed exchange rate framework
- inflationSustained price level increase
- interest rateCost of borrowing money
- liquidityConvertibility to cash
volatility · forward contract · trade agreements · arbitrage · balance of payments · remittances · black market rate · speculation · futures contract · market sentiment · monetary policy · GDP growth · trade deficit · dollar strength · safe haven · carry trade · fiscal policy · economic indicators
foreign, foreigner, foreigners, foreignness, exchange, exchanges, exchanged, exchanging, exchangeable