rate of exchange

noun phrase

: the amount of one currency that will buy a given amount of another

Word History

First Known Use

circa 1741, in the meaning defined above

Time Traveler
The first known use of rate of exchange was circa 1741

Dictionary Entries Near rate of exchange

rate-of-climb indicator

rate of exchange

rate of interest

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Cite this Entry

“Rate of exchange.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/rate%20of%20exchange. Accessed 5 Nov. 2024.

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