(of exchange rate)
1Exchange Rate Mechanism — (ERM) One of the components for the establishment of the single European currency. It provided a central exchange rate for national currencies against the European Currency Unit, thereby intending to stabilise exchange rates, encourage trade… …
2exchange-rate exposure — exchange rate risk; = foreign exchange rate risk The risk associated with uncertain exchange rates. The three types of risk are transaction exposure, translation exposure, and economic exposure …
3Exchange 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) • • • Main Entry: ↑exchange …
4exchange rate dirty float — ➔ dirty float …
5exchange rate exposure — UK US noun [U] ► FINANCE a company s risk of losing money because it may have to buy a currency at a higher price using a currency that has fallen in value: »By paying VAT in euros, we have been able to limit our exchange rate exposure …
6Exchange Rate Mechanism — (ERM) method for protection of a stable exchange rate, part of a monetary organization of the EEC that began working in 1999 …
7exchange rate — ♦♦♦ exchange rates N COUNT The exchange rate of a country s unit of currency is the amount of another country s currency that you get in exchange for it …
8exchange rate — n. the rate at which the currency of one country or region can be exchanged for that of another country or region …
9exchange-rate risk — exchange rate exposure …
10exchange rate — exchange′ rate n. ban bus the ratio at which a unit of the currency of one country can be exchanged for that of another country • Etymology: 1895–1900 …
