English version

fixed exchange rate

From Longman Business Dictionaryfixed exchange rateˌfixed exˈchange rateFINANCE an exchange rate that is not allowed to change in relation to others, for example under the BRETTON WOODS AGREEMENTGiven a fixed exchange rate and a UK inflation rate higher than that in the rest of the world, UK exports will become less competitive in world markets while imports will become more attractive to UK buyers. exchange rate
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