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

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

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

In 1997, macroeconomic stability was reinforced by the   imposition of a fixed exchange rate of the lev against the German   D-mark and the negotiation of an IMF standby agreement.

From The 2005 CIA World Factbook by United States. Central Intelligence Agency