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Discover Ludwig"conversion rate" is correct and usable in written English.
You can use it when you want to refer to the percentage of people who take a desired action after seeing a promotional message or advertisement. For example, "The average conversion rate for social media campaigns is around 2%."
Dictionary
conversion rate
noun
The proportion of visitors to a website who take an action desired by the marketers, such as buying a product or subscribing to a newsletter.
Exact(59)
And current conversion rate?
The conversion rate is slow but certain.
The 62percentt conversion rate displeased Edwards.
"The dressing room is critical to the conversion rate.
I didn't expect we'd have such a high conversion rate.
The conversion rate would be the current market price.
Only bottom-side Aston Villa's shot conversion rate is worse.
"It's the highest conversion rate in the Games.
That compares with an industry conversion rate of about 2percentt.
What's the conversion rate?
What's your conversion rate?
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com