Difference between revisions of "Pegged exchange rate"
(Created page with "Pegged exchange rate is a rate that is fixed against a major currency such as the U.S. dollar. Consequently, the values of the pegged currencies move together over time....") |
m (Gary moved page Pegged exchange rates to Pegged exchange rate) |
(No difference)
| |
Latest revision as of 20:23, 28 October 2019
Pegged exchange rate is a rate that is fixed against a major currency such as the U.S. dollar. Consequently, the values of the pegged currencies move together over time.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Pegged exchange rates. Rates that are fixed against a major currency such as the U.S. dollar. Consequently, the values of the pegged currencies move together over time.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
