Fixed exchange rate system: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson (Layout.) |
||
| Line 1: | Line 1: | ||
A system in which the value of a country's currency is tied to a major currency, such as the US dollar, gold or Special Drawing Rights (SDR). | A system in which the value of a country's currency is tied to a major currency, such as the US dollar, gold or Special Drawing Rights (SDR). | ||
The term usually allows for fluctuations within a range of 1 or 2 per cent on either side of the fixed rate. | The term usually allows for fluctuations within a range of 1 or 2 per cent on either side of the fixed rate. | ||
| Line 6: | Line 7: | ||
== See also == | == See also == | ||
* [[Fixed rate]] | * [[Fixed rate]] | ||
Revision as of 11:50, 11 May 2016
A system in which the value of a country's currency is tied to a major currency, such as the US dollar, gold or Special Drawing Rights (SDR).
The term usually allows for fluctuations within a range of 1 or 2 per cent on either side of the fixed rate.
