Definition, Meaning & Synonyms
exchange-factor
noun
/ɪksˈtʃeɪndʒ ˈfaktər/
Definition
A variable that quantifies the relationship between the rate of exchange of one currency for another.
Examples
- The exchange-factor between the euro and the dollar fluctuates regularly.
- Understanding the exchange-factor is crucial for international trade.
- Investors must monitor the exchange-factor to make informed decisions.
Meaning
An exchange factor is used in finance and economics to determine how much one currency can be traded for another, reflecting the value of one currency in terms of another.
Synonyms
- conversion rate
- currency rate
- exchange rate
