Noun
the charge for exchanging currency of one country for currency of another
Source: WordNetWhat is the right exchange rate at one point is not necessarily the right exchange rate at another. Norman Lamont
We are working at putting the most modern technology in farms at Indian costs. I always say whatever the US implements in dollars we should be able to do it at exchange rate of Rs 10, then we would be globally competitive. Mukesh Ambani
The most serious criticism of EMU is that by abandoning exchange rate adjustments it transfers to the labor market the task of adjusting for competitiveness and relative prices... losses in output and employment (and pressure on the European central bank to inflate) will predominate. Rudiger Dornbusch
The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced. Robert Mundell
I've been pretty wary of street sweepers since, though it is true that since we left the European Exchange Rate Mechanism some sweepers are really quite dashing to glance at. Tom Baker
What was critical for the maintenance of pegged exchange rates, I argue in this book, was protection for governments from pressure to trade exchange rate stability for other goals. Barry Eichengreen