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TeachMeFinance.com - explain Par Of Exchange Par Of Exchange -- The precise equivalency of a given sum of money of one country with the like sum of money of another country into which it is to be exchanged. historic definition... Par of exchange -- The par of foreign exchange is the fixed intrinsic value of the currency unit (monetary unit) of one country expressed in the terms of the currency of another country which uses the same metal as a standard of value. 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.