Economics. In full par of exchange. The recognized value of the currency of one country in terms of that of another. See exchange, n. 4a.
| 单词 | θ218708 |
| 释义 | society > trade and finance > money > value of money > [noun] > relative value of different currencies (6) par1601 Economics. In full par of exchange. The recognized value of the currency of one country in terms of that of another. See exchange, n. 4a. rate1622 More fully rate of exchange. The basis of equivalence on which one form of currency is exchanged for another; = exchange rate n. at exchange, n.… parity1860 Equivalence in another currency; (in early use) spec. the price in one currency equivalent to that in another. agio1875 The percentage charged on the exchange of one currency, or one form of money, into another that is more valuable; (hence) the excess value of… Subcategories:— as agreed by I.M.F. (1) — limits of fluctuation (1) |
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