The rate or price at which one country’s currency is exchanged for another country’s currency. For example, if the United States dollar costs 140 Japanese yen, the exchange rate for the dollar is 140 yen.
EXCHANGE RATE
The rate or price at which one country’s currency is exchanged for another country’s currency. For example, if the United States dollar costs 140 Japanese yen, the exchange rate for the dollar is 140 yen.
