foreign exchange rate
nounUK /ˈfɒrən ɪksˈtʃeɪndʒ reɪt/
US /ˈfɔːrən ɪksˈtʃeɪndʒ reɪt/
The price of one country's money when you trade it for another country's money.
The foreign exchange rate tells you how many dollars you get for one euro.
RELATED WORDS
OTHER MEANINGS
2. The value of one currency compared with another at a certain time.
The foreign exchange rate changed after the news.
3. A number used to change money from one country into money from another.
Check the foreign exchange rate before you travel.
4. The cost of buying a different kind of money.
Banks show the foreign exchange rate on a screen.