An exchange rate is how much of one country's money another's is worth. A poor exchange rate, the exchange rate moved, at today's exchange rate.
The rate on the news is not the rate you get, since a bureau takes its margin in the spread. A falling exchange rate makes exports cheaper and holidays dearer at the same time.
1nounexchange rateHow much of one country's money another's is worth.
“The exchange rate at the airport was daylight robbery.”
exchange rate is a rate.
Practised in Business & Money