Fixed exchange rate system

Exchange rate regime where a currency's value is fixed against another value Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange-rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Dual exchange rate List of countries by foreign exchange reserves Markets Foreign exchange market Futures exchange Retail foreign exchange trading Assets Currency Currency future Currency forward Non-deliverable forward Foreign exchange swap Cross-currency swap Foreign exchange option Historical agreements Bretton Woods Conference Smithsonian Agreement Plaza Accord Louvre Accord See also Bureau de change Hard currency Currency pair Foreign exchange fraud Currency intervention vte A fixed exchange rate, often called a pegged exchange rate or pegging, is a type of exchange rate regime in which a currency's value is fixed, or pegged, by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold or silver. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchang