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exchange rate
(redirected from Foreign exchange rate)

    Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia, Hutchinson 0.09 sec.

exchange rate

Price of one country's money in relation to another's. Exchange rates may be fixed or flexible. An exchange rate is fixed when two countries agree to maintain a fixed rate through the use of monetary policy. Historically, the most famous fixed exchange-rate system was the gold standard; in the late 1850s, one ounce of gold was defined as being worth 20 U.S dollars and 4 pounds sterling, resulting in an exchange rate of 5 dollars per pound. An exchange rate is flexible, or “floating,” when two countries agree to let international market forces determine the rate through supply and demand. The rate will fluctuate with a country's exports and imports. Most world trade currently takes place with flexible exchange rates that fluctuate within relatively fixed limits. See also exchange control, foreign exchange.



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But like so many from countries with a poor foreign exchange rate, he cannot afford a subscription.
From Fiona Leggat, London, UK. (Letters) by For A Change
He has a taxable $50,000 capital gain, which arises solely because of the change in the foreign exchange rate.
Phantom foreign currency gain on foreign property by Lam, Jones / The Tax Adviser
The Bank of Japan further stated that the "foreign exchange rate in itself is not a direct objective of monetary policy," but also that the Bank "considers it is important to carefully monitor the development of the foreign exchange rate from the viewpoint of how it affects the economy and prices.
Treasury and Federal Reserve Foreign Exchange Operations by Leonard, Deborah L. / Federal Reserve Bulletin
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