Rate of exchange defined.
Nev. Rev. Stat. § 17.530
in effectRate of exchange means the rate at which money of one country may be converted into money of another country in a free financial market convenient to or reasonably usable by a person obligated to pay or to state a rate of conversion. If separate rates of exchange apply to different kinds of transactions, the term means the rate applicable to the particular transaction giving rise to the foreign-money claim.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-017.htmlFetched: 10/4/2026