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1. ''Noun.'' | |||
An exchange rate system in which exchange rates are either fixed, or managed within a range on either side of a target exchange rate. | An exchange rate system in which exchange rates are either fixed, or managed within a range on either side of a target exchange rate. | ||
2. ''Verb.'' | |||
To establish a fixed conversion rate for an asset, into a more widely accepted asset. | |||
== See also == | == See also == | ||
* [[Acceptance]] | |||
* [[Exchange rate]] | * [[Exchange rate]] | ||
* [[Crawling peg system]] | * [[Crawling peg system]] | ||
* [[Managed float]] | * [[Managed float]] | ||
* [[PayPal USD]] | |||
* [[Stablecoin]] | |||
* [[USD Coin]] | |||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Latest revision as of 10:07, 30 July 2024
1. Noun.
An exchange rate system in which exchange rates are either fixed, or managed within a range on either side of a target exchange rate.
2. Verb.
To establish a fixed conversion rate for an asset, into a more widely accepted asset.
