Definitions
There is 1 meaning of the phrase
Fixed Exchange Rate.
Fixed Exchange Rate - as a noun
An exchange rate for a currency where the government has decided to link the value to some valuable commodity like gold; a fixed exchange rate does not change according to market conditions.
Example Sentences
"Countries with a fixed exchange rate often face challenges in maintaining stability."
"A fixed exchange rate can be advantageous for countries with small and open economies."
"The government decided to adopt a fixed exchange rate policy to encourage foreign investment."
"A fixed exchange rate can limit a country's ability to use monetary policy for economic control."
"Many argue that a fixed exchange rate reduces uncertainty in international trade."
