Fixed (or pegged) exchange rates (固定汇率 gùdìng huìlǜ) is a type of exchange rate regime in which a currency’s value is fixed/pegged by a monetary authority against another currency.
- 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
汇 (huì) as in (汇款 huìkuǎn), (汇钱 huìqián) or converge (汇合 huìhé); 率 (lǜ) as in ratio (比率 bǐlǜ), heart rate (心率 xīnlǜ), probability (几率 jīǜ), or efficiency (功率 gōnglǜ).
汇率 (huìlǜ) as in floating exchange rate (浮动汇率 fúdòng huìlǜ).
Fixed (or pegged) exchange rates (固定汇率 gùdìng huìlǜ) word examples:
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- Fixed (or pegged) exchange rate system (固定汇率体系 gùdìng huìlǜ tǐxì).