Fixed exchange rate system: Difference between revisions
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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. | ||
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== See also == | == See also == | ||
* [[Fixed rate]] | * [[Fixed rate]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 14:48, 1 July 2022
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.
