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Exchange Rate Mechanism

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Exchange Rate Mechanism (ERM)
The methodology by which members of the EMS maintain their currency exchange rates within an agreed-upon range with respect to other member countries.
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9462 late Wednesday in New York, marking its strongest showing against the dollar since September 1992, before Britain cashed out of the European Exchange Rate Mechanism.
BRIEFCASE by Daily News (Los Angeles, CA)
Billionaire investor George Soros thought he could run Bush out of the White House in the same way he pushed sterling out of the Exchange Rate Mechanism in 1992.
Terrorism trumps economic issues: Americans rallied behind Bush; ... by Los Angeles Business Journal
The country must have participated for at least two years in the European Exchange Rate Mechanism (ERM II) within the normal fluctuation margins, without any devaluation being required.
The race for the euro: the central and eastern Europeans eagerly seek ... by Stark, Jurgen / The International Economy
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