follow Dictionary.com

8 Wintry Words to Defrost Your Vocabulary

fixed exchange rate

fixed exchange rate in Culture

fixed exchange rate definition


An exchange rate that is officially controlled by the issuing country rather than determined by the world currency market conditions. (Compare floating exchange rate.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Word of the Day

Word Value for fixed

16
16
Scrabble Words With Friends