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exchange efficiency
exchange equalization account
exchange force
exchange of assets
exchange of stock
exchange offer
exchange particle
exchange privilege
exchange rate
Exchange Rate Mechanism
exchange rate risk
exchange student
exchangeable security
exchequer
excimer
excimer laser
excipient
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exchange rate
ex·change rate (plural ex·change rates)


noun 
Definition:
 
price of currency if exchanged: the rate at which a unit of the currency of one country can be exchanged for a unit of the currency of another country
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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