Word forms: (regular plural) fixed exchange rates
( Finance : Foreign exchange ) exchange rate
A fixed exchange rate
is an exchange rate set
by the government for foreign
Fixed exchange rates can help create stability in developing countries with weak financial institutions,
but can lead to financial crisis in the long run.
In a fixed exchange rate system, exchange rates are either held constant or allowed to fluctuate only within
very narrow boundaries.
A fixed exchange rate is an exchange rate set by the government for foreign exchange.
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