Category:Fixed exchange rate

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Currencies in this category are currently subject to monetary policy that uses an explicit exchange rate target. Such currencies are described as fixed or pegged currencies. This may be contrasted with currencies subject to monetary policy that uses some other monetary target (eg interest rates). In practice such currencies actually float within a very narrow band, typically only a a percent or two either side of a nominal exchange rate target.

[edit] See also

• Open market operations
• Fixed exchange rate