fixed exchange rate

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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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