Currency Exchange Rate
/ˈkɜːrənsi ɪksˈʧeɪndʒ reɪt/
Definitions
- (n.) The rate at which one currency can be exchanged for another, often governing international trade and financial transactions.
The contract specified payments in euros adjusted according to the current currency exchange rate.
Forms
- currency exchange rate
- currency exchange rates
Related terms
See also
Commentary
Currency exchange rates in legal contexts affect contractual obligations and valuation of payments across jurisdictions, necessitating precise definitions in international agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.