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Fixed Currency Exchange Rates

Fixed currency exchange rates are a system in which the value of a country's currency is pegged to the value of another currency or a basket of currencies. Fixed currency exchange rates may be used to stabilize exchange rates and reduce exchange rate risk, but may also limit a country's monetary policy options. Continue Reading Below  

About Fixed Currency Exchange Rates

Fixed currency exchange rates are a system in which the value of a country's currency is pegged to the value of another currency or a basket of currencies. Fixed currency exchange rates may be used to stabilize exchange rates and reduce exchange rate risk, but may also limit a country's monetary policy options.
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