Forex ABCs > Glossary > C > Currency Exchange Rate

Currency Exchange Rate


An exchange rate (also called a foreign-exchange rate) between two currencies is the rate at which one currency can be exchanged for another. For example, an exchange rate of 1 US Dollar to .67 Euros means that $1 USD is worth .67 Euros (€). The current exchange rate is also referred to as the Spot exchange rate. Rates that are quoted and traded today, but are paid on a specified future date, are called Forward exchange rates.


You are about to email this page to a friend.

Enter multiple addresses on separate lines or separate them with commas.
(Your Name) has sent you a message from Forex ABCs
(Your Name) thought you would like to see the Forex ABCs web site.