fixed exchange rate

Questions

What does fixed exchange rate mean?

an exchange rate for a currency where the government has decided to link the value to some valuable commodity like gold; a fixed exchange rate does not change according to market conditions.

How to pronounce fixed exchange rate

1. Open the pronunciation page — Open the Speakur entry for “fixed exchange rate”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “fixed exchange rate”.
4. Repeat and practice — Say “fixed exchange rate” aloud, matching stress and vowels until it feels natural.