 989,938,899 visitors served. | 
|
 Dictionary/ thesaurus |  Medical dictionary |  Legal dictionary |  Financial dictionary |  Acronyms |  Idioms |  Encyclopedia |  Wikipedia encyclopedia | ? |
exchange rate |
Also found in: Financial, Encyclopedia, Wikipedia | 0.03 sec. |
exchange ratePrice at which one currency is bought or sold in terms of other currencies, gold, or accounting units such as the special drawing right (SDR) of the International Monetary Fund. Exchange rates may be fixed by international agreement or by government policy; or they may be wholly or partly allowed to ‘float’ (that is, find their own level) in world currency markets. Central banks, as large holders of foreign currency, often intervene to buy or sell particular currencies in an effort to maintain some stability in exchange rates.
|
|
Printer friendly
Cite / link
Email
Feedback
? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| Cristian Donoso, head of foreign currency trading at Chilean brokerage Banchile (El Mercurio) Established in 1934, this ESF had provided the then extravagant fund of $2 billion in working capital before World War II, for short-term currency trading to stabilize the value of the dollar in world trade. These trades are simply about making money, and it is this type of currency trading that now makes Southeast Asian officials steam. |
Currency trading
 |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content NEW! | Linking | Lookup box | Double-click lookup | Partner with us |
|
|---|
Disclaimer |
Privacy policy |
Feedback | Copyright © 2008 Farlex, Inc.All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.