Fixed Exchange Rate

A currency's value matched to another currency or asset.

Detailed Definition

A fixed exchange rate, sometimes called a pegged exchange rate, is a type of exchange rate regime where a currency's value is fixed or pegged by a monetary authority against the value of another currency or gold.

Related in Forex

Quantitative Easing (QE)

Central bank purchasing of securities to increase money supply.

Hawkish

An economic outlook favoring higher interest rates.

Cross Rate

An exchange rate between two currencies not involving the USD.