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Exchange Rate (also known as forex rate, FX rate, foreign-exchange rate, or Agio) is a relative value between two currencies at which one currency can be exchanged for another currency. It is also thought as the price of one currency in terms of another currency.What is the historical exchange rate?
historical exchange rate. Definition. In accounting, the exchange rate of a currency at the time an asset was acquired or a liability was incurred. In currency trading, the average exchange rate of a currency pair such as the dollar and the euro over a standard period such as 100 days or one year.