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TeachMeFinance.com - explain Rate Of Exchange rate of exchange -- the amount of currency of one nation that may be purchased on a specific date with a specified amount of the currency of another nation. another definition... Rate Of Exchange -- The price at which the money of one country can be exchanged for the money of another country. 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.