RATE OF EXCHANGE • DICTIONARY ONE.COM • Definition of Rate of exchange

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/reɪt əv ɪkstʃˈeɪndʒ/ Listen

Rate of exchange

noun

The charge for exchanging currency of one country for currency of another. Synonym: exchange rate.

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Etymology of 'Rate of exchange'

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"Rate of exchange" Quotes from Famous Books

... diminishing quantities during the following years; the repayment of the expenses of occupation; the right of taking over a part of Germany's interests in Russia, in particular that of obtaining the payment of pre-war debts at the pre-war rate of exchange, likewise the maintenance of such contracts as we may desire to maintain in force and the return of Alsace-Lorraine free from all incumbrances. Nor is that all. In Morocco we have the right to liquidate German property, to transfer the shares that represent ...

— The Inside Story Of The Peace Conference • Emile Joseph Dillon

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... and ostentation of poverty that showed they expected Gerrard's financial expedient to take the form of obtaining a forced loan from them. The sight of the gold ingots softened them wonderfully, and though it would not have been human nature had they failed to exact an exorbitant rate of exchange for their silver, both sides parted well pleased, the money-changers only grieving that they could not discover whether this transaction was a final one, or merely a prelude to further business of the ...

— The Path to Honour • Sydney C. Grier

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... Gerrard's financial expedient to take the form of obtaining a forced loan from them. The sight of the gold ingots softened them wonderfully, and though it would not have been human nature had they failed to exact an exorbitant rate of exchange for their silver, both sides parted well pleased, the money-changers only grieving that they could not discover whether this transaction was a final one, or merely a prelude to further business of the ...

— The Path to Honour • Sydney C. Grier

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... replied. "Sir Lewis isn't the type of fellow to draw that much in cash. At the present rate of exchange, that's worth three thousand seven hundred and fifty dollars American. Sir Lewis might carry a hundred pounds as pocket-money, but never ...

— The Penal Cluster • Ivar Jorgensen (AKA Randall Garrett)

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... cost in England and Ireland. I used to write home for information, and then we did long and confusing sums, translating stones or pounds into kilos and shillings into francs; Monsieur intervening occasionally with information about the rate of exchange at the moment. Madame insisted on taking this into account in comparing the cost of living in the two countries. Then we used to be faced with problems which ...

— A Padre in France • George A. Birmingham

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