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fixed exchange rate


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A rate of exchange between one currency and another that is fixed by government and maintained by that government's economic policy and its buying or selling its currency to support or depress it. Compare floating exchange rate.

Subjects: Economics.

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Reference entries
fixed exchange rate
in A Dictionary of Business and Management

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fixed exchange rate
in A Dictionary of Finance and Banking

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fixed exchange rate
in A Dictionary of Accounting

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fixed exchange rate
in The Handbook of International Financial Terms

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