The-definition.com

Definition

Fixed exchange rates

Fixed exchange rates refer to the foreign exchange rates tied to the currency of a major country (such as the United States), gold, or to a basket of currencies such as Special Drawing Rights.

Share it:  Cite

More from this Section

  • Underwriting cycle
    Underwriting cycle is a term to describe the cyclical pattern in underwriting standards, ...
  • Smart card
    Smart card is a stored-value card that contains a computer chip that lets it be loaded ...
  • Alienation Clause
    Alienation Clause is a property investment contract that asks a debtor to pay off the ...
  • American Depository Receipt (ADR)
    American Depository Receipt (ADR) is a certificate registered in the holder’s name or ...
  • Advancement
    Advancement means money or property given to a person by the deceased before death and ...