Fixed Currency

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Fixed Currency

A currency to which the government has linked the value of another currency or, rarely, some valuable commodity like gold. For example, under the Bretton Woods System, most world currencies fixed themselves to the U.S. dollar, which in turn fixed itself to gold. A government may fix its currency by holding reserves of the other currency (or the asset to which it is fixed) in the central bank. For example, if a country fixes its currency to the British pound, it must hold enough pounds in reserve to account for all of its currency in circulation.
References in periodicals archive ?
Adjusted for the transfer of certain water treatment-related business from the International Cleaning, Sanitizing and Other Services segment to the Global Water segment, sales increased 5% in fixed currencies when compared with fourth quarter 2011 pro forma fixed currency sales, led by strong growth in Latin America operations, good gains in Asia Pacific and Canada, and modest growth in Europe.
7 billion in the second quarter of 2011; when measured in fixed currencies, sales rose 8%.
Adjusted for the transfer of certain water treatment-related business from the International Cleaning, Sanitizing and Other Services segment to the Global Water segment, sales increased 5% in fixed currencies when compared with third quarter 2011 pro forma fixed currency sales, led by strong growth in Latin America operations and moderate growth in Asia Pacific and Europe.
Sales increased 5% in fixed currencies when compared with second quarter 2011 pro forma fixed currency sales, led by strong growth in Latin America operations, good gains in Asia Pacific and modest growth in Europe.
Sales increased 5% in fixed currencies when compared with first quarter 2011 pro forma fixed currency sales, led by strong growth in Latin America operations.
7 billion in the third quarter of 2011; when measured in fixed currencies, sales rose 6%.
Elekta's backlog increased 14% in fixed currencies in 2010-2011, and Bergstrom reported continued good visibility of sales and earnings.
6 billion in the fourth quarter of 2010; measured in fixed currencies, sales rose 2%.
6 billion in the third quarter of 2010; measured in fixed currencies, sales rose 3%.
5 billion in the second quarter of 2010; measured in fixed currencies, sales rose 3%.
4 billion in the first quarter of 2010; measured in fixed currencies, sales rose 2%.
6 billion in the fourth quarter of 2009; measured in fixed currencies, sales rose 2%.