What is another word for currency exchange rate?
Pronunciation: [kˈʌɹənsi ɛkst͡ʃˈe͡ɪnd͡ʒ ɹˈe͡ɪt] (IPA) 
Currency exchange rate refers to the value of one currency compared to another. The term 'foreign exchange rate' can be used interchangeably with currency exchange rate. Another synonym for currency exchange rate is 'forex rate' or 'FX rate.' Exchange rate, exchange value, or simply the rate also denote the same meaning. Cross-rate, on the other hand, refers to the rate between two currencies that are not the base currency in a region. The term 'spot rate' is often used to describe the current exchange rate. Meanwhile, 'forward rate' refers to the price that is agreed upon to exchange currencies at a future date.
