An exchange rate is the price of a nation's currency in terms of another currency. Thus, an exchange rate has two components, the domestic currency and a foreign currency, and can be quoted either directly or indirectly.

Conversion rate of one currency into another. This rate depends on the local demand for foreign currencies and their local supply, country's trade balance, strength of its economy, and other such factors.

Oct 4, 2017 – Definition: A foreign exchange rate is the price of the domestic currency stated in terms of another currency. In other words, a foreign exchange rate compares one currency with another to show their relative values. Since standardized currencies around the world float in value with demand, supply, and …

In finance, an exchange rate is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114.anese yen to the United States dollar means that ¥114 will be exchanged for each US$1 …

Jul 1, 2017 – An exchange rate is how much the dollar, or any other foreign currency, is worth compared to another country's currency. What makes them change.