Fixed exchange rate system
TYPE OF EXCHANGE RATE REGIME WHERE A CURRENCY'S VALUE IS FIXED AGAINST THE VALUE OF ANOTHER SINGLE CURRENCY
Fixed currency; Pegged currency; Fixed exchange rate; Pegged exchange rate; Pegged rate; Fixed exchange rates; Currency peg; Currency pegging; Fixed exchange rate systems; Exchange rate peg; Peg (currency); Pegging (currency); Managed currency peg; Foreign exchange fixing; Fixed Exchange Rate System; Forex fixing; Fixed exchange-rate system
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold.