rate of exchange
1
3.8
- noun
- /reɪt əv ɪksˈtʃeɪndʒ/
- Specialized
:
tasa de cambio
- In 1970, I rode the world's greatest system of public transportation, the Moscow subway, for just 5 kopecks (about 5 cents by the official rate of exchange—one ruble for one dollar).
Examples
-
Economics teachers might use banknotes as an introduction to lessons focusing on international rates of exchange.
Academic text (1991) -
As a direct result of these developments, the prices for most imported goods have increased to reflect the change in the rate of exchange.
Academic text (1995) -
Is that a fair rate of exchange?
-
What's the rate of exchange?
-
Fortunately for the regiment, the rate of exchange was excellent.
Fiction book (1990) -
The current rate of exchange is 35 Rupees to $1.
Academic text (1997) -
The act also fixed the rate of exchange at two pesos to one dollar to safeguard, as Congressman Wilbur
Academic text (1993) -
The social relation is governed by the rate of exchange of things, which is determined independently of the two parties by the impersonal forces of supply and demand.
Academic text (1996) -
In January, Polish Finance Minister Leszek Balcerowicz introduced his radical economic plan, which eliminated subsidies, froze wages, established a stable rate of exchange for the zloty, sharply raised interest rates, and promised privatization of the state sector.
Academic text (1991) -
The current rate of exchange is 35 Rupees to $1, making it easier for travelers to budget their expenses.
Synonyms
21
3.2
The value of one country's money when you change it for another country's money
How Strong
Surface Forms
Morphology
The meaning is directly compositional: 'rate' (a price/level) combined with 'exchange' (changing money/currency) literally yields the value at which currencies are exchanged. This 'rate of X' noun phrase pattern is standard in English and common cross-linguistically, so a B1 learner who knows the constituent words can infer the MWE's meaning.
Etymology
Rate of exchange comes from the simple idea of trading money: a rate is the 'price' and an exchange is swapping one country's money for another, like trading apples for oranges at a market. So rate of exchange means the 'value' at which two kinds of money are swapped.