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fixed exchange rate
(redirected from Fixed currency)

    Also found in: Wikipedia 0.02 sec.
Fixed exchange rate
A country's decision to tie the value of its currency to another country's currency, gold (or another commodity), or a basket of currencies.
fixed exchange rate
An exchange rate between currencies that is set by the governments involved rather than being allowed to fluctuate freely with market forces. In order to keep currencies trading at the prescribed levels, government monetary authorities actively enter the currency markets to buy and sell according to variations in supply and demand. Compare floating exchange rate. See also devaluation.


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? Mentioned in ? References in periodicals archive
 
These propositions are first, whereas the Japanese economy could rely on the Bretton Woods system of fixed currency exchange rates and increased trade volumes among GATT member states before 1971, it subsequently had to deal with the negative consequences of the liberalization of international financial markets and America's objection to continued massive trade deficits with Japan.
Bai Gao, Japan's Economic Dilemma: the Institutional Origins of ... by Aspalter, Christian / Journal of Sociology & Social Welfare
Sales of Ecolab's International operations, when measured at fixed currency rates, rose 7% to $605 million in the fourth quarter.
Ecolab Reports 26% Fourth Quarter EPS Increase to $0.34 by Business Wire
Sales of Ecolab's International operations, when measured at fixed currency rates, rose 6% to $584 million in the third quarter.
Ecolab Reports 13% Third Quarter EPS Increase to $0.43 by Business Wire
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