Fixed currency - Your Art History Reference Guide!

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Fixed currency

A fixed currency, sometimes (less commonly) called a pegged currency, is a currency that uses a fixed exchange rate as its exchange rate regime.

In the modern world, fixed currencies form a minority of the world's currencies. Prominent fixed currencies include the Chinese renminbi.

A fixed currency is contrasted with a floating currency.

Last updated: 10-11-2005 22:29:30
Last updated: 01-04-2007 01:18:57
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