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Exchange rate

The price of one currency expressed in another.

When the metric lies

It is set simultaneously by the trade balance, interest rates, capital flows and the fiscal rule — which is why its reaction to oil is unpredictable.

Also known as: exchange rate, fx rate

Our plan

Pro plan

More watchlists, report exports and API access by key.

Related terms

Digital currency
Direct quote
FX forward
FX intervention
FX swap

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