Shortly after his plane first grazes the tarmac in the eastern European nation of Slaka, Dr. Angus Petworth is beset by a cavalcade of misadventures. A university lecturer and seasoned international traveler, Petworth is nevertheless unprepared for the oddities of culture and circumstance that await him on the other side of the iron curtain. In two eventful weeks, Petworth gives an incendiary interview, is seduced by a femme fatale, and becomes embroiled in a plot of international intrigue, all of which conspire to give the mild, unassuming professor way more than he bargained for.

Satirizing everything from critics and diplomats to Marxism and academia, Malcolm Bradbury's Rates of Exchange is a witty and lighthearted novel of cultural interchange at the height of the Cold War.