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TeachMeFinance.com - explain Foreign Exchange Rate foreign exchange rate -- the price of one nation's currency denominated in the currency of another nation. For example, the value of British pounds expressed in U.S. dollars. another definition... Foreign Exchange Rate -- The rate or price of the currency of one country in terms of the currency of another. historic definition... Foreign exchange rates -- The quotation "actual rate" means the rate at which exchange is sold in large amount by a dealer ; the quotation "posted rate" means the preliminary asking rate of the day before an actual rate is made and this is the rate usually exacted for a small amount of exchange by a dealer. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.