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What is a currency system in which each country tries to keep the value of it currency constant against one another called?
Wiki User
∙ 11y ago
A fixed exchange rate.
Sometimes it is known as a currency peg.
For example, the Danish Krone is fixed at € 1 = kr 7.46038
Wiki User
∙ 11y ago
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What is a currency system called in which each country tries to keep the value of its currency constant against one another?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
What is a currency system in which each country tries to keep the value of its currency constant against one another called?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
Trade one country's currency for another country's currency?
command
What is said of a country's currency when it takes more of the currency to buy the same amount of another country's currency?
it has weakened
The value of one's country's currency as compared to another country's currency?
Floating exchange rate
What is a currency system in which each country tries to keep the value of its currency constant against one another called?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
What is a currency system called in which each country tries to keep the value of its currency constant against one another?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
Trade one country's currency for another country's currency?
command
What is said of a country's currency when it takes more of currency to buy the same amount of another country's currency?
it has weakened
What is said of a country currency when it takes more of the currency to buy the same amount of another country's currency?
it has weakened
What is said of a country's currency when it takes more of the currency to buy the same amount of another country's currency?
it has weakened
The value of one's country's currency as compared to another country's currency?
Floating exchange rate
What is said of a country's currency when it takes more of it to buy the same amount of another country's currency?
it has weakened
What is said of a country currency when it takes less of it to buy the same amount of another country's currency?
it has strengthened
What is said of a country's when it takes more of the currency to buy the same amount of another country's currency?
it has weakened
What is said of a country's currency when it takes less of it to buy the same amount of another country's currency?
it has strengthened
What is the definition of exchange rates?
the ratio at which a unit of the currency of one country can be exchanged for that of Another Country. (www.dictionary.com)
