Investment Glossary · Quick read · No ads
Exchange Rate
The short answer
The price at which one currency can be exchanged for another, determined by supply and demand in the foreign exchange market.
What is Exchange Rate?
The price at which one currency can be exchanged for another, determined by supply and demand in the foreign exchange market.
About this page. Written by Associate Professor Charles Lo, CPA, PhD. Checked against reliable sources before publication. No ads and no paywall. Editorial standards · How we fact check · Corrections log · Report an error
Educational information only. Nothing on this page is personal financial, tax or legal advice. Investing involves risk, including the possible loss of principal.
