Definition
The exchange rate is the price of one currency in terms of another.
Why It Matters
It affects international trade and investment.
Example
One U.S. dollar exchanging for 0.9 euros.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
The exchange rate is the price of one currency in terms of another.
It affects international trade and investment.
One U.S. dollar exchanging for 0.9 euros.