Exchange rate

Foreign exchange.

The price of one currency in terms of another.

For example £1 = $1.32.

£1 is the equivalent of $1.32, or $1 is the equivalent of £0.76.

See also

• Cable
• Currency
• Devaluation
• Foreign exchange
• Parity
• Real exchange rate

Other resources

Base jumper - applying direct and indirect exchange rates, The Treasurer