A fixed exchange rate.
Sometimes it is known as a currency peg.
For example, the Danish Krone is fixed at € 1 = kr 7.46038
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
command
it has weakened
Floating exchange rate
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
command
it has weakened
it has weakened
it has weakened
Floating exchange rate
it has weakened
it has strengthened
it has weakened
it has strengthened
the ratio at which a unit of the currency of one country can be exchanged for that of Another Country. (www.dictionary.com)