fixed exchange rate

  

Definition

System in which the value of a country's currency, in relation to the value of other currencies, is maintained at a fixed conversion rate through government intervention. Also called pegged exchange rate. Opposite of floating exchange rate.

Use fixed exchange rate in a sentence

  • I wanted to learn the fixed exchange rate and be able to work with the money in the different country I would be going.

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  • We use a fixed exchange rate when converting US dollars to Euro, and other foreign currencies. Example: $2 in US = 1.5 Euros. ( example only-not accurate exchange information)

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  • Although many people view China as this century's economic powerhouse, others believe that their economy can never fully develop if their currency remans pegged to a fixed exchange rate.

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