The English word 'rate' has many different meanings: 1: a magnitude or frequency relative to a time unit; 2: the relative speed of progress or change; 3: a quantity or amount or measure considered...
An exchange rate is the price for which one currency is converted into another the rate is determined by the supply and demand conditions of relevant currencies in the market transaction of currency...
flexible-exchange-rate system, the equilibrium exchange rate reflects the supply and demand for the currency. Under a fixed-exchange-rate system, a country's central bank intervenes by buying or...