exchange rate (Meaning)
exchange rate (n)
the charge for exchanging currency of one country for currency of another
Synonyms & Antonyms of exchange rate
No Synonyms and anytonyms found
exchange rate Sentence Examples
- The exchange rate between the US dollar and the euro fluctuates constantly, making it challenging to plan international trips.
- Currency exchange rates are influenced by economic factors like inflation, interest rates, and political stability, among others.
- Travelers should research the exchange rate before visiting a foreign country to ensure they get the best value for their money.
- Businesses involved in international trade need to consider the exchange rate when pricing their products and services to remain competitive in the global market.
- Investors and traders monitor exchange rates to make informed decisions about buying and selling currencies for profit.
- Central banks intervene in the foreign exchange market by buying or selling currencies to influence the exchange rate and stabilize their economies.
- Exchange rates are also affected by market sentiment, where positive or negative expectations about a currency's value can drive its price up or down.
- Governments can implement policies, such as foreign exchange controls, to manage the exchange rate and protect their domestic currency.
- The Indian rupee experienced a significant depreciation against the US dollar in 2023 due to the trade deficit and political instability.
- Cryptocurrency exchange rates are highly volatile and can fluctuate dramatically, making them a risky investment option for many.
FAQs About the word exchange rate
the charge for exchanging currency of one country for currency of another
No synonyms found.
No antonyms found.
The exchange rate between the US dollar and the euro fluctuates constantly, making it challenging to plan international trips.
Currency exchange rates are influenced by economic factors like inflation, interest rates, and political stability, among others.
Travelers should research the exchange rate before visiting a foreign country to ensure they get the best value for their money.
Businesses involved in international trade need to consider the exchange rate when pricing their products and services to remain competitive in the global market.
