Rate Of Exchange (Noun)
Meaning
The charge for exchanging currency of one country for currency of another.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The rate_of_exchange between the US dollar and the euro can fluctuate greatly depending on economic conditions.
- To calculate the total cost of the trip, we needed to consider the rate_of_exchange between our currency and that of the foreign country.
- The airport's currency exchange office offered a less favorable rate_of_exchange than the one at the bank downtown.
- Before traveling abroad, it's essential to research the current rate_of_exchange to ensure you're getting the best deal.
- The hotel's front desk warned us that their rate_of_exchange was not as competitive as those offered at local currency exchange shops.