What does "monetary unti and exchange rate" mean?

Question

im doing a project trying to convince people to visit an Italian city and i dont know what that stuff means.

Answer 1

Monetary unit is the type of currency for each country  - or a unit of money -

exchange rate is the amount of money you can get for exchanging different monetary units

such as Pounds to dollars or pounds to Euros etc. pounds to lire

In your case you will want to point out first what type of monetary unit the money is ( pounds, euros, lire etc) and then what the exchange rate is at the moment - the exchange rate can change everyday -

I have put a website for exchange rates and other information that might help -

I would also suggest talking to the local tourist board  or doing research on their site

Answer 2

"Monetary unit" refers to the nature of the currency, which in Italy used to be lire and is now Euros.  "Exchange rate" refers to the relative value of different currencies, such as how many yen a Japanese tourist would have to pay to buy one Euro worth of Italian souvenirs.  (At present, it is about 150.).