Exchange Rate Bands

The range of exchange rates a central bank allows its currency to take. Exchange rate bands are used when one currency links its value to that of another currency but allows it to fluctuate within certain limits. Proponents maintain that exchange rate bands give a currency a certain level of flexibility so that it can respond to market factors while leaving control with the central bank. Critics contend that this system is inefficient and leads to unfair practices in international trade. The Chinese renmimbi is a prominent example of a currency that traditionally has existed within exchange rate bands. See also: Crawling peg.

单词	exchange rate bands
释义	Exchange Rate Bands Exchange Rate Bands The range of exchange rates a central bank allows its currency to take. Exchange rate bands are used when one currency links its value to that of another currency but allows it to fluctuate within certain limits. Proponents maintain that exchange rate bands give a currency a certain level of flexibility so that it can respond to market factors while leaving control with the central bank. Critics contend that this system is inefficient and leads to unfair practices in international trade. The Chinese renmimbi is a prominent example of a currency that traditionally has existed within exchange rate bands. See also: Crawling peg.
随便看	cargo-boat cargo boom cargo carrier cargo carrying capacity cargo category code cargo charges correction advice cargo classification (combat loading) cargo clearance permit cargo community system japan co., ltd. cargo community system-uk cargo configuration control drawing cargo container cargo containers cargo containment system cargo containment unit cargo control console cargo control room cargo cult cargo culting cargo cult programming cargo cults cargo data declaration charge cargo data declaration fee cargo data interchange system cargo data logger