| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,739,093,272 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
exchange rate |
Also found in: Financial, Wikipedia, Hutchinson | 0.01 sec. |
exchange ratePrice 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| Korean media had previously reported that the Taliban were seeking payment for the return of the hostages but there was no word on Aug 28 of any money changing hands. Citing charts prepared by the Government Accountability Office, he termed the FFEL program "an incomprehensible maze of rules and responsibilities, involving organizations the Direct Loan program doesn't need, and with money changing hands every which way. They were really busy this off-season, with more money changing hands on some days than it does during an entire winter on the slopes - even at resorts with $70 lift tickets. |
| Encyclopedia |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|