exchange rate

Related Terms
Price for which the currency of a country can be exchanged for another country's currency. Factors that influence exchange rate include (1) interest rates, (2) inflation rate, (3) trade balance, (4) political stability, (5) internal harmony, (6) high degree of transparency in the conduct of leaders and administrators, (7) general state of economy, and (8) quality of governance.

Use 'exchange rate' in a Sentence

Because of the more than friendly EXCHANGE RATE in Mexico, I was able to secure rights to numerous pharmeuceutical drugs that would normally be 5 times the price in the united states.
16 people found this helpful
When dealing in foreign affairs sometimes you will need to use a different currency and need to find the best exchange rate.
14 people found this helpful
The exchange rate between one country and another country's currency means that you must pay attention to how much money you have before exchanging it when going to another country.
14 people found this helpful