Science Fair Project Encyclopedia
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.
09-23-2007 01:00:40
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details