Official Exchange Rate

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Official Exchange Rate

The pegged exchange rate as set by a government. An official exchange rate may be expressed with relation to a commodity such as gold, but currencies are usually pegged to other currencies. Depending on how well a government manages its currency, the official exchange rate may or may not reflect the currency's true value.
References in periodicals archive ?
The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates.
Venezuelan state oil company PDVSA will be allowed to sell dollars it receives from oil exports to regional allies at the most advantageous of three official exchange rates, a move that should help the cash-strapped company's coffers.
High inflation, negative growth, and a rising differential between the parallel and official exchange rates in Argentina
President Salva Kiir could soon decide to devalue the country's currency in order to regulate and manage differences between official exchange rates and those on the black market.
October 5, 2014 (JUBA) -- A senior South Sudanese central bank official said on Sunday that the institution awaits a response from President Salva Kiir to devalue the country's currency so as to regulate and manage differences between official exchange rates and those on the black market.
The National Bank sets official exchange rates for 4 foreign currencies every day and 38 foreign currencies every week.
The rates banks are allowed to trade dollars at are determined by the results of the central bank sales, giving the bank effective control over official exchange rates.
9 million in the fourth quarter of 2012, based on the prevailing official exchange rates during the covered quarters.
Underground currency exchange thrives in the Hermit Kingdom, as official exchange rates ignore much of the won's weakness.
One common feature of all of the studies mentioned above is that they have all relied upon the official exchange rates in testing the PPP.
He adds the authorities are looking to converge the unofficial and official exchange rates.
The RMB official exchange rates were based on rates of the interbank market where Chinese firms made their foreign exchange transactions during the study period.

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