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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

From The Wall Street Journal • Feb. 24, 2026

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

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

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