fixed exchange rate
CulturalExample Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
But that fixed exchange rate system was abandoned after the financial crisis that engulfed the country in 2001 and 2002.
From BBC ● Feb. 2, 2023
It is a tool used to lock-in a fixed exchange rate or hedge against currency fluctuations.
From Reuters ● Sep. 6, 2022
Stablecoins, which like Bitcoin exist in virtual ledgers, are issued by private entities that promise to convert them on demand into government money or some other asset at a fixed exchange rate.
From New York Times ● Dec. 10, 2021
After years of budget surpluses, the country is running deficits, and concern is rising that the fixed exchange rate and big-state bureaucracy are stifling any real chance of transitioning to a modern, export-oriented economy.
From Washington Post ● Oct. 8, 2019
Growth in 2000 was a negative 0.8%, as both domestic and foreign investors remained skeptical of the government's ability to pay debts and maintain the peso's fixed exchange rate with the US dollar.
From The 2006 CIA World Factbook by United States. Central Intelligence Agency
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
