Economics B A-Level
Exchange rate
What Exchange rate means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Exchange rate
Check what you remember
Read the wording for your board, then hide it and explain Exchange rate in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The price of one currency expressed in terms of another.
Topics that use Exchange rate
- Exchange rates (Pearson Edexcel A-Level)
Related terms
- Appreciation
- Depreciation
- Effective exchange rate
- Hot money flows
- Index numbers
- International competitiveness
- Macroeconomic performance
Using Exchange rate in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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