fixed exchange rate

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Definitions of fixed exchange rate words

noun fixed exchange rate finance: set rate of exchange 1
noun fixed exchange rate a country's exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency 0
noun fixed exchange rate A fixed exchange rate is an exchange rate set by the government for foreign exchange. 0

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A common word. It’s meaning is known to most children of preschool age. About 89% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

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