Share This Article:

Economic Definition of foreign exchange rate. Defined.

Offline Version: PDF

Term foreign exchange rate Definition: The price of one nation's currency in terms of another nation's currency. This is often called the just exchange rate. The foreign exchange rate is specified as the amount of one currency that can be traded per unit of another.

 

« foreign exchange market | foreign investment »

Permalink: http://glossary.econguru.com/economic-term/foreign+exchange+rate

Alphabetical Reference to Over 2,000 Economic Terms