Fixed exchange rate (固定汇率 gùdìng huìlǜ) refers to a country’s exchange rate regime in which the government or central bank ties the value of its currency to another widely-used currency, gold, or a basket of currencies.
- 固 (gù) as in solid (坚固 jiāngù) or firm and stable (稳固 wěngù).
- 定 (dìng) as in certain (确定 quèdìng), deciding (决定 juédìng) or definition (定义 dìngyì).
- 汇率 (huìlǜ) derives from
Also see: floating exchange rate.» Add a new term or correction« Back to Glossary Index