Official Exchange Rate


Also found in: Acronyms.

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 ?
Official exchange rate of manat remains unchanged in Turkmenistan since 2015 - 3.5 manat per $1.
In contrast, if the dumping margin is calculated in the importing country's currency, the investigating authority needs to convert export prices to its own currency using the exporting country's official exchange rate.
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.
In his response, Koriom attributed the difference to issues beyond his control and pleaded with lawmakers to help him get parliamentary approval to raise the official exchange rate from 2.96 South Sudanese Pounds per US dollar to 4.50 so as to encounter the mushrooming black market rates, currently at between SSP46-48.
In 2013, the official exchange rate was relatively stable throughout the year, but the interbank market exchange rate rose and fell in reflection of demand situation in the market.
1) Complete reform, consisting in the implementation of gradual devaluation in the CUP exchange rate for all companies; and 2) reform by sectors, consisting in the gradual incorporation of some sectors in a particular system with a devalued official exchange rate.
Authorities kept the official exchange rate below 50 pounds to the dollar for the first eight months of the latest crisis, but have allowed it to slip more sharply since November, aiming to narrow the differential with the black market.
The official exchange rate was 10,570 rials per U.S.
In 2004, the central bank had come up with a plan that permitted lenders to trade as much as two percent above or below the official exchange rate.
The official exchange rate has been held steady by the government at 2.15 bolivars to the dollar since 2005.
The official exchange rate system, adopted around the world, is used to determine how one country will treat the winner of races in other countries.
Although the above-mentioned studies validate the PPP by using the black market more often than the official exchange rate, support for the PPP is not unanimous across the countries.

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