Fixed exchange rates

 

 

 

Fixed exchange rates

 

Glossary of business

 

Definition of fixed exchange rates

 

A fixed exchange rate system is one where the value of the currency against other currencies remains the same. The fixed rate is maintained by governments by intervening in the foreign exchange market using foreign exchange reserves to buy and sell the currency to maintain the fixed rate.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

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Definition and meaning of fixed exchange rates

 

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Meaning of fixed exchange rates

 

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What does fixed exchange rates mean ?

 

 

 

 

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