Usually synonymous with a pegged exchange rate. Although 'fixed' seems to imply less likelihood of change, in practice countries seldom if ever achieve a truly fixed rate.
Found on
http://www-personal.umich.edu/~alandear/glossary/f.html
(from the article `International Monetary Fund`) ...short-term exchange rates; a pegged exchange arrangement, in which a country`s monetary officials pledge to tie their currency`s exchange rate to ... The official fixing of exchange rates as limits on either side of parity, outside of which exchange-rate quotations were not allowed to ...
Found on
http://www.britannica.com/eb/a-z/f/33
A country`s decision to tie the value of its currency to another country`s currency, gold (or another commodity), or a basket of currencies.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosf.htm
A country's decision to tie the value of its currency to another country's currency, gold (or another commodity), or a basket of currencies.
Found on
http://www.encyclo.co.uk/local/20047
A fixed exchange rate system is one where the value of the currency against other currencies remains exactly the same. A fixed exchange rate doesn't stay fixed on its own. Governments have to hold large stocks of foreign exchange, so that they can actively intervene to hold the value of the currency stable. Monetary and fiscal policies will also ha...
Found on
http://www.encyclo.co.uk/local/20414
In the Euromarket, the standard periods for which Euros are traded (one month out to a year out) are
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
