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Par of exchange

Definitions

  • Webster's Revised Unabridged Dictionary
    • Par of exchange See under Exchange.
    • Par of exchange the established value of the coin or standard of value of one country when expressed in the coin or standard of another, as the value of the pound sterling in the currency of France or the United States. The par of exchange rarely varies, and serves as a measure for the rise and fall of exchange that is affected by the demand and supply. Exchange is at par when, for example, a bill in New York, for the payment of one hundred pounds sterling in London, can be purchased for the sum. Exchange is in favor of a place when it can be purchased there at or above par.
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Chambers's Twentieth Century Dictionary
    • Par of exchange the value of coin of one country expressed in that of another
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Etymology

Chambers's Twentieth Century Dictionary
L. par, equal.

Usage

In literature:

The par of exchange between Great Britain and the United States is 4.86-2/3; that is, L1 sterling is worth $4.86-2/3.
"Up To Date Business" by Various
When the course of exchange is at par between France and England, 25 fr.
"Memoranda on Tours, Touraine and Central France." by J. H. Holdsworth
For the quantity theory, and the "equation of exchange," all exchanges stand on a par.
"The Value of Money" by Benjamin M. Anderson, Jr.
We can fix no limit points to the exchange and we cannot settle any theoretical par of exchange.
"Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 1" by Various
The par of exchange between standard coins of different countries is the expression of the ratio of fine gold in them.
"The Principles of Economics" by Frank A. Fetter
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In science:

Added interactivity and processing capabilities let people exchange and display significant amounts of scientific research data.4 Such differenttime, dif ferent-place collaboration assumes that par ticipants can per form collaborative tasks asynchronously.
AstroSim: Collaborative Visualization of an Astrophysics Simulation in Second Life
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