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Glossary Term: EXCHANGE RATE

Definition(s) for EXCHANGE RATE:


1. ) the price of one country's currency expressed in another country's currency.

2. ) The price of a country's currency in terms of another country's currency.

3. ) Price at which one country's currency can be converted into another's. The exchange rate between the U.S. dollar and the British pound is different from the rate between the dollar and the West German mark.



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