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fixed exchange rate

   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
 
Thus we decided to formalize our fixed exchange rate.
Saving graces by Latin Trade
As China's currency has a fixed exchange rate with the dollar the rise of these two locations up the global league table is as a result of changes in value locally.
Global rents survey puts Midtown as most expensive in US by Real Estate Weekly
A fixed exchange rate system would be introduced for the florin against the euro--say with a fluctuation limit 5 cents in either direction from parity.
Exiting EMU: not surprisingly, the Maastricht Treaty contains no exit ... by Brown, Brendan / The International Economy
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