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Thesaurus: fixed exchange rate

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.

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Definitions

  1. n. an link" href="https://vividlex.com/word/exchange">exchange rate for a link" href="https://vividlex.com/word/currency">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.