Fixed Exchange Rate System

A Fixed Exchange Rate System is a currency system in which governments try to keep the value of their currencies constant against one another. This is done with a Fixed Exchange Rate where a currency is pegged to another currency, a basket of currencies or gold. The Bretton Woods system is an example of a Fixed Exchange Rate System.

Share this page:

Other words and terminology:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z