fixed exchange rate
The result of a country's decision to stabilize the value of its currency relative to that of another nation's currency or a hard currency like gold. The failure of the Bretton Woods fixed exchange rate system in the 1970's led to the current system of floating exchange rates between the currencies of most of the major economies. also called a pegged exchange rate.
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Smithsonian Agreement
Flexible Exchange Rate
monetary standard
gold exchange standard
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