fixed exchange rate

Cultural  

1. An exchange rate that is officially controlled by the issuing country rather than determined by the world currency market conditions. (Compare floating exchange rate.)

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Example Sentences

Speaking in the Mauritian Parliament on Tuesday, Ramgoolam said payments, due to be made in dollars, would now be subject to a variable rather than fixed exchange rate, arguing the previous deal was not "inflation-proof".

From BBC

Maduro has insisted on a fixed exchange rate to anchor his economic strategy, instead of allowing the rate to float freely.

From Reuters

But that fixed exchange rate system was abandoned after the financial crisis that engulfed the country in 2001 and 2002.

From BBC

It is a tool used to lock-in a fixed exchange rate or hedge against currency fluctuations.

From Reuters

"In times of war, it is impossible to avoid rising prices," Shevchenko wrote, adding, that the central bank will keep its fixed exchange rate as one of the measures to control consumer price inflation.

From Reuters