Rate of exchange

(redirected from rates of exchange)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

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 Chairman, Jan du Plessis, commented "The Group's spread of developed and developing markets has continued to serve shareholders well, with all regions contributing to the strong results at comparable rates of exchange.
Exchange Rates: The results for 1991 and the comparative figures for 1990 have been translated at constant average rates of exchange, being the annual average rates for 1990.
At constant rates of exchange sales improved 9% to US $13,893 million over the corresponding quarter last year.
For comparison purposes the trends have also been shown on page 5 based on constant average rates of exchange for 1994.