Rate of exchange


Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia.

RATE OF EXCHANGE. Among merchants, by rate of exchange is understood the price at which a bill drawn in one country upon another, may be sold in the former.

References in periodicals archive ?
The exchange rate of the national currency is a sensitive issue that should be discussed by the young but not by those that suggest today a change of the rate of exchange, which is utterly contrary to what they argued when serving as governors, MP Stojmenov said.
A Banco Popular spokesman said it was not their policy to have a separate rate of exchange for Scots and English bank notes.
Exporting companies have long been arguing for a more flexible denar rate of exchange considering that in this way the competitiveness of the home production would be backed.
There is no threat for the stability of the denar rate of exchange as evidenced by the increase in denar savings deposits," Gjorgjiev said.
interim dividend, when converted at today's Guilder/Dollar rate of exchange current in Amsterdam, The Netherlands, represents $0.
The convenience translation of the Nominal New Israeli Shekel (NIS) figures into US Dollars was made at the rate of exchange prevailing at December 17th, 2001: US $1.
Asked whether the denar rate of exchange will change because of the reduced export of Macedonian products, Bogov said that the National Bank of Macedonia had retained the policy of a stable rate of exchange, which has yielded good results in keeping the macroeconomic stability in the past 15 years.