Exchange Rate Definition
The Exchange Rate is the price of one country's currency expressed in terms of another country's currency, representing the ratio at which two currencies can be
The Exchange Rate is the price of one country's currency expressed in terms of another country's currency, representing the ratio at which two currencies can be exchanged in the global foreign exchange (FX) market. This rate is the fundamental metric that governs international trade, capital flows, and investment decisions, fluctuating constantly in a free-floating system based on the dynamic forces of supply and demand.