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 Glossary   >   F   >   "Fixed-exchange rate" Definition   

        Fixed-exchange rate

A countrys decision to tie the value of its currency to another countrys currency, gold (or another commodity), or a basket of currencies.

Fixed-exchange rate


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Fixed-exchange rate - A countrys decision to tie the value of its currency to another countrys currency, gold (or another commodity), or a basket of currencies.


Fixed-exchange rate : a countrys decision to tie the value of its currency to another countrys currency, gold (or another commodity), or a basket of currencies.