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.
Maduro has insisted on a fixed exchange rate to anchor his economic strategy, instead of allowing the rate to float freely.
From Reuters ● Aug. 3, 2023
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
This fraud was based on the difference between the fixed exchange rate offered by the central bank — which is pegged to the dollar — and the fluctuating market rate, which is often much higher.
From New York Times ● Jul. 29, 2020
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 disappointing 0.8%, as both domestic and foreign investors remained skeptical of the government's ability to pay debts and maintain its fixed exchange rate with the US dollar.
From The 2001 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.
