from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A rate of exchange.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The amount of one currency that a person or institution defines as equivalent to another when either buying or selling it at any particular moment
- n. The rate at which one currency can be exchanged for another, usually expressed as the value of the one in terms of the other.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the charge for exchanging currency of one country for currency of another
Sorry, no etymologies found.
The peso-to-dollar exchange rate had stood at about 22:1 since 1977.
Once the wheedle and static of the modem calmed down, I pulled up the currency exchange rate online: 1 euro to $1.38888.
As my idea to enroll at LeCoq became a decision that spring, I hadn't anticipated that, come late summer, with the plane ticket purchased and an eleven-month lease signed, an abrupt shift in the exchange rate that ran in favor of the Euro would pull the rug out from under my savings, and leave it weak-kneed and wobbly.
These sixmonth instruments were denominated in dollars and yielded dollar interest, but were bought and redeemed in pesos using a controlled exchange rate see Exhibit 6.
Monday a ragged-coated philanthropist, Friday too poor for a taxi, and Sunday on the edge of being a millionaire (in dollars, perhaps, if the market was strong and the exchange rate very good).
Air Force Phantoms had 0.14 kills per hassle, and their exchange rate looked little better in comparison.
Should production expenses that may have been incurred a long time ago and when the buying power of a dollar or the currency exchange rate was different be somehow charged against the current-period license fees, or should such expenses have been fully charged against revenues that had been previously received?
So every Saturday morning, I pulled the exchange rate up online, with the ever-diminishing hope for a turnaround.