The nominal exchange rate: October 5, 2022 by 8i9x6 is the amount of one country’s goods that could be obtained with a basket of goods of another country. is always expressed as units of a foreign currency per U.S. dollar. is the rate that one can exchange the currency of one country for the currency of another country. is a synonymous term for the swap rate. See Answer is the rate that one can exchange the currency of one country for the currency of another country.