A country's decision to tie the value of its currency to another country's currency, gold (or another commodity), or a basket of currencies.

An exchange rate that is fixed by government policy and that is not free to fluctuate in response to market forces.

Usually synonymous with a pegged exchange rate. Although "fixed" seems to imply less likelihood of change, in practice countries seldom if ever achieve a truly fixed rate.

Where the exchange rate of a currency is fixed, or pegged, to another currency or a basket of currencies. The opposite of a floating exchange rate, which fluctuates according to movements on foreign exchange markets. Major currencies were fixed to the U.S. dollar under the Bretton Woods system in the aftermath of World War II. The system collapsed [..]

An exchange rate that's established at a given level and maintained through government (usually central bank) actions. To fix the exchange rate, a government must be willing to buy and sell curre [..]

Definition Usually synonymous with a pegged exchange rate. Although "fixed" seems to imply less likelihood of change, in practice countries seldom if ever achieve a truly fixed rate.

the rate of exchange of a currency or currency is set by agreement between governments or by government policy (see also gold standard)

An exchange rate that is set and therefore prevented from rising or falling with changes in supply and demand for a nation's currency.

An exchange rate whose value is not determined in the foreign exchange market; it is the rate determined by the policy makers in the country.

The financial authorities tie the value of the local currency to the value of merchandise, gold, silver or foreign currency. The currency in question thus becomes a reference for the exchange rate.

Official rate set by monetary authorities for one or more currencies. In practice, even fixed exchange rates are allowed to fluctuate between definite upper and lower bands, leading to intervention.

Rate fixed by an Authority at which one currency can be exchanged against another. The Bretton Woods agreement from 1945 to 1971 instituted fixed rates, which were replaced with "floating" e [..]

A country's decision to tie the value of its currency to another country's currency, gold (or another commodity), or a basket of currencies.