exchange rate (or rate of exchange) noun

The ratio at which one currency can be exchanged for another

Exchange Rate Mechanism noun

A former arrangement to regulate exchange rate fluctuations between participating currencies in the EMS by fixing their rates, and limiting fluctuation, against the ECU (abbrev ERM)

exchange student or exchange teacher noun

A student or teacher spending some time at a school, college or university in a foreign country while one from that country attends his or her school, etc, or a school, etc in his or her country

exchangeˈ-traded fund noun (finance)

A type of investment fund that is administered so as to achieve the same return as a particular stock-market index (abbrev ETF)

exchange words or blows

To quarrel verbally or physically

force the exchange

In chess, to play so as to force one's opponent to take one piece for another

in exchange for

In return for

win (or lose) the exchange

In chess, to gain (or lose) a rook in exchange for a bishop or knight

rate¹ /rāt/

1. Amount corresponding
2. Ratio, esp time-ratio, speed
3. Amount determined according to a rule or basis
4. Price or cost
5. A standard
6. A class or rank, esp of ships or sailors
7. Manner, mode
8. Extent, degree
9. (often in pl) an amount levied by a local authority according to the assessed value of property
10. A clock's gain or loss in unit time
11. Estimated amount or value (Shakespeare)
12. Estimation (Shakespeare)
13. A fixed quantity (obsolete)

1. To estimate
2. To value
3. To settle the relative rank, scale or position of
4. To esteem, regard as
5. To deserve, be worthy of
6. To value for purpose of rate-paying
7. To think highly of (informal)
8. To allot (Shakespeare)
9. To calculate (Shakespeare)

To be placed in a certain class

rātabilˈity or rāteabilˈity noun

rātˈable or rāteˈable adjective

rātˈably or rāteˈably adverb

rātˈer noun

1. A person who makes an estimate
2. (in combination) a ship, etc of a given rate (such as second-rater)

rātˈing noun

1. A fixing of rates
2. Classification according to grade
3. The class of any member of a crew
4. A sailor of such a class
5. The tonnage-class of a racing yacht
6. The proportion of viewers or listeners who are deemed to watch or listen to a particular programme or network

ratable value or rateable value noun

A value placed on a property, and used to assess the amount of rates payable to the local authority each year

rateˈ-cap transitive verb

rateˈ-capping noun

The setting by central government of an upper limit on the rate that can be levied by a local authority

rateˈ-cutting noun

A lowering of charges to obtain traffic

rated altitude noun

The height, measured in the international standard atmosphere, at which an aero-engine delivers its maximum power

rated capacity noun

A general term for the output of a piece of equipment under specified conditions

rate-determining step noun (chem eng)

The step, in a process involving a series of consecutive steps, with the slowest rate, largely determining the overall rate of the process

rate fixing noun

The determination of the time allocated for a specific task, usu as a basis for remuneration

rate of exchange see exchange rate under exchange

rateˈpayer noun

A person who pays a local rate

rate support grant noun

Money contributed by central government to make up the difference between the rate levied and the amount required for local authority spending

rate tart noun (informal)

A person who frequently moves money between different savings accounts in order to take advantage of the most favourable rates of interest.

at any rate

In any case, anyhow