Glossary · from the DESK dictionary
Exchange Rate
The price of one currency expressed in units of another currency.
In plain words
The most fundamental concept in currency trading — determines how much one receives when exchanging money.
What it means for traders
An absolutely central concept for international trade, travel, and investment.
Common pitfalls
Can move significantly due to monetary policy decisions, trade balances, and market sentiment.
Related terms
Exchange Rate Pass-Through
From the DESK dictionary. For information only, not investment advice.
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DESK is a research tool and not investment advice. Page generated: 2026-10-12.