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exchange rate

Also known as foreign-exchange rate, forex rate, FX rate, foreign currency transactions

rate at which one currency will be exchanged for another

AI overview

An exchange rate is the price at which you can trade one country's money for another country's money. It matters because it affects how much your money is worth when you travel abroad, buy foreign goods, or do business with other countries.

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Commons category: Exchange rate

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Article

A selection of banknotes from three currencies: United States dollar, Euro, and Romanian leu.

In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro.