Exchange rate refers to the amount of money in one currency that can be exchanged for the same value in another currency. For example 1 Canadian Dollar equals 0.83 US Dollar (83 US cents) or 100 Canadian dollars equals $83 US

The rate currency is converted at into another currency.

E.g. Two potato can be converted into 7 bags of zebra teeth, and vice-versa

3 socks to 1 underwear.

2 shirts to one shorts.

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