This solution gives common definitions of exchange rate and some references where related material can be found on the Internet.© BrainMass Inc. brainmass.com March 4, 2021, 6:10 pm ad1c9bdddf
What is exchange rate?
1. The price of one currency stated in terms of another currency.
2. The price of one unit of a particular country's currency in terms of another country's currency.
3. The price of one currency expressed in terms of another, i.e., the number of units of one currency that may be exchanged for one unit of another currency
4. The price of a country's currency in terms of another country's currency. [FRBM][FRBSF] The price of one currency in terms of another. [FACS] (see also currency depreciation, currency devaluation, currency revaluation, dirty float, fiscal policy, fixed exchange rate system, floating exchange rate system, foreign currency operations, purchasing ...
Exchange rates and references are included.