Nominal exchange rate

From CNM Wiki
Jump to: navigation, search

Nominal exchange rate is the rate at which one country's currency trades for another country's currency. (Cf. exchange rate, real exchange rate.)

Definition

According to Macroeconomics by Mankiw (7th edition),

Nominal exchange rate. The rate at which one country's currency trades for another country's currency. (Cf. exchange rate, real exchange rate.)
Retrieved from "https://pravka.bskol.com/w/index.php?title=Nominal_exchange_rate&oldid=50357"