| 单词 | fixed exchange rate |
| 释义 | fixed exchange rateDefinition System in which the value of a country's currency, in relation to the value of other currencies, is maintained at a fixed conversion rate through government intervention. Also called pegged exchange rate. Opposite of floating exchange rate. Use 'fixed exchange rate' in a SentenceI wanted to learn the fixed exchange rate and be able to work with the money in the different country I would be going. We use a fixed exchange rate when converting US dollars to Euro, and other foreign currencies. Example: $2 in US = 1.5 Euros. ( example only-not accurate exchange information) Although many people view China as this century's economic powerhouse, others believe that their economy can never fully develop if their currency remans pegged to a fixed exchange rate. |
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