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Discover LudwigThe phrase "exchange rates" is correct and usable in written English.
You can use it to refer to the rate at which one currency can be exchanged for another. For example, "The current exchange rate for the Euro to the US Dollar is 0.89."
Dictionary
exchange rates
noun
Plural of exchange rate
synonyms
Exact(58)
But exchange rates matter.
But exchange rates mattered more.
Exchange rates and trade policy.
But floating exchange rates also have disadvantages.
Prices and exchange rates fluctuated constantly.
FORECASTING exchange rates is an inexact business.
But floating exchange rates are dangerous.
Nor are volatile exchange rates anything new.
Exchange rates are another wild card.
Exchange rates are hammering everyone," he said.
The figures assume constant exchange rates.
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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