Fixed exchange rate system: Difference between revisions

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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.


See also