Exchange Rate 2 : The price of one currency in terms of another. More specifically, the number of units of one currency that may be exchanged for one unit of another currency
Ulster Bank (Business/Products/International-Banking), Guide to International Business, Glossary of Terms, Belfast, Northern Ireland 2012. http://www.ulsterbank.com/ni/business/products/int ernational-banking/guide-to-international-business /glossary-of-terms.ashx, (Mrtm/ Int Biz and Banking - Brit) {540}