a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain Fixed Exchange Fixed Exchange -- 1. When Governments or their Central Banks administratively set the exchange rate for their currency. 2. An administratively set exchange rate where no rate fluctuations are permitted. historic definition... Fixed exchange -- If foreign exchange is quoted in the money of the country where issued, but is payable in the money of the country where collection is to be made, it is called fixed exchange. For instance, exchange on London is quoted in dollars in New York and is, therefore, fixed exchange. The pound sterling is the basis and the amount in dollars (and cents) fluctuates instead of the pound sterling. The opposite of fixed exchange is movable exchange; see Movable exchange. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.