Exchange Rate

The amount a dollar is worth when you exchange it for money from another country. In other words, the price of one country’s currency expressed in another country’s currency.

The exchange rate is the price at which the currency of one country can be converted to the currency of another. Although some exchange rates are fixed by agreement, most fluctuate or float from day to day.

Daily exchange rates are listed in the financial sections of newspapers and can also be found on financial websites.