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currency rate vs currency rates

Both "currency rate" and "currency rates" are correct, but they are used in different contexts. "Currency rate" refers to a particular rate of exchange and "currency rates" refers to exchange rates overall.
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Explained by Gregg
Editor at TextRanch

Last updated: June 15, 2024

currency rate

This phrase is correct when referring to a specific exchange rate.

Use "currency rate" when talking about a specific exchange rate, such as the rate between two currencies.

Examples:

  • The currency rate between the US dollar and the Euro is 1.2.
  • What is the current currency rate for Japanese Yen to US dollars?

Alternatives:

  • exchange rate
  • foreign exchange rate
  • conversion rate
  • rate of exchange
  • monetary rate

currency rates

This phrase is correct when referring to exchange rates in general.

Use "currency rates" when discussing exchange rates in a broader sense, such as comparing rates between different currencies.

Examples:

  • I keep track of currency rates to know when to exchange my money.
  • The website provides real-time updates on currency rates.

Alternatives:

  • exchange rates
  • foreign exchange rates
  • conversion rates
  • rates of exchange
  • monetary rates

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