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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.

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)

Par definition: the legally established value of the monetary unit of one country in terms of that of another using the same metal as a standard of value.. See examples of PAR used in a sentence.

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

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