The meaning of PAR is the established value of the monetary unit of one country expressed in terms of the monetary unit of another country using the same metal as the standard of value.

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par. noun [ C ] abbreviation for paragraph (Definition of par from the Cambridge Academic Content Dictionary © Cambridge University Press)

1. an accepted level or standard, such as an average (esp in the phrase up to par) 2. a state of equality (esp in the phrase on a par with)

1. Equal to the standard; normal: a solid, par performance. 2. Of or relating to monetary face value.

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l In finance and accounting, par value means nt]]. Expressions derived from this term include at par (equal to par value), above par (greater than par value), below par (smaller than par value) …

Definition of par noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.