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.)

---

Example Sentences

America had just left the Bretton Woods system’s international fixed exchange rate regime in 1973.

From The Wall Street Journal • Feb. 24, 2026

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 • Feb. 5, 2025

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

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