rate of exchange

That in turn leaves them prey to unscrupulous traders offering ultra-low rates of exchange.

That forced the rest of the world to move from a system of fixed rates of exchange for national currencies to a flexible system.

The administration bases its declaration on the 1988 Omnibus Trade and Competitiveness Act, which requires the Treasury to “consider whether countries manipulate the rate of exchange” to gain an unfair trade advantage.

“Things I buy may go up by 30 lira,” he said, or the equivalent of $5 at the rate of exchange on Wednesday night.

Moller-Maersk says its first-quarter revenue increased by 30 percent to $9.3 billion, but also noted increased uncertainties due to geopolitical risks, trade tensions and other factors impacting freight rates, bunker prices and rate of exchange.