fixed Exchange Rate
Currencies in this category are currently subject to monetary policy that uses an explicit exchange rate target.
Such currencies are described as fixed or pegged currencies.
Currencies using an exchange-rate target actually float within a very narrow band, typically only a percent or two either side of a nominal exchange-rate target.
This may be contrasted with currencies subject to monetary policy that uses some other monetary target (e.g. interest rates).
See also
Pages in category "Fixed exchange rate"
The following 63 pages are in this category, out of 63 total. This list may not reflect recent changes.