Exchange rate

Exchange rate, also known as the foreign exchange rate, is how much one currency is worth compared to a different one. It is the rate at which one currency can be exchanged for another. Exchanges rates can change for many different reasons, for example the inflation rate of a country. For much of the 20th century the Bretton Woods system fixed exchange rates.

Exchange Rate Media

• 

  A selection of banknotes from three currencies: United States dollar, Euro, and Romanian leu.

• 

  EUR/USD exchange rate

• 

  Exchange rates display in Thailand

• 

  Example of GNP-weighted nominal exchange rate history of a basket of 6 important currencies (US Dollar, Euro, Japanese Yen, Chinese Renminbi, Swiss Franks, Pound Sterling