diff --git a/bip-xchgrate.mediawiki b/bip-xchgrate.mediawiki
index 0be070ee..96665c8b 100644
--- a/bip-xchgrate.mediawiki
+++ b/bip-xchgrate.mediawiki
@@ -37,7 +37,8 @@ Currency code(s) used herein are defined as such:
 * XBT is defined as 100000000 satoshis (commonly known as 1 BTC).
 * Strings longer than 3 characters may be used for currencies without an applicable code. (If a shorter code is desired despite this, it may be padded with space(s) to the left until it is 4 characters. Software MAY strip these spaces.)
 
-Rate is defined as: <code>1 quoteCurrency = 1 baseCurrency * rate</code>
+Rate is defined as the amount of base-currency to be exchanged for one unit of the quote-currency.
+In other words, <code>1 quoteCurrency = rate baseCurrency</code>.
 
 ===Enumerating supported currency-pair tokens===