Definition: Addeem is a term used in the field of economics to refer to the exchange rate between two currencies. In simple terms, it refers to how much one currency is worth in another currency compared to another currency. For example, if you have 10 US dollars (USD) and want to trade for 6 Canadian Dollars (CAD), you can say that the price of USD is "more than" CAD by an amount of 4 or more. Addeem is also used to refer to a trading partner in a currency exchange rate. In other words, it refers to how much one currency is worth compared to another when traded as an average or in the context of a specific market or currency pair. The term "addeem" is not a word itself but rather an acronym that stands for "Addeem Exchange Rate." It was used by the US dollar's main exchange rate pool in 2015 and has been replaced with the USD/CAD rate since then.
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