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exchange rate
(ex|change rate)
Pronunciation:
/ɪksˈtʃeɪnʤreɪt/
(also
rate of exchange
)
noun
the value of one currency for the purpose of conversion to another:
the exchange rate of the dollar against the Deutschmark
[
as modifier
]
:
exchange rate fluctuations
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Exchange Rate Mechanism (abbreviation: ERM)
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