Definition of Rate Of Exchange

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TeachMeFinance.com - explain Rate Of Exchange



rate of exchange -- the amount of currency of one nation that may be purchased on a specific date with a specified amount of the currency of another nation.

another definition...

Rate Of Exchange -- The price at which the money of one country can be exchanged for the money of another country.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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