| 单词 | fixed exchange rate |
| 释义 | fixed exchange rate in British English (fɪkst ɪksˈtʃeɪndʒ reɪt) noun economics a country's exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency fixed exchange rate in Finance (fɪkst ɪkstʃeɪndʒ reɪt) Word forms: (regular plural) fixed exchange rates noun (Finance: Foreign exchange) exchange rateA fixed exchange rate is an exchange rate set by the government for foreign exchange. Fixed exchange rates can help create stability in developing countries with weak financial institutions,but can lead to financial crisis in the long run. In a fixed exchange rate system, exchange rates are either held constant or allowed to fluctuate only withinvery narrow boundaries. A fixed exchange rate is an exchange rate set by the government for foreign exchange. |
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