CherryBlossom
Wed Aug 07 2024
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7 answers
1190
What is a fixed exchange rate system?
Could you elaborate on the concept of a fixed exchange rate system, please? I'm curious to understand how it differs from a floating exchange rate system and what are the advantages and disadvantages of adopting such a system? Is it a common practice in the global financial markets, or is it more of an exception? And finally, could you provide some examples of countries that currently employ a fixed exchange rate system?
