Under the Bretton Woods system, currencies were fixed in terms of the U.S. dollar.

Name: Under the Bretton Woods system, currencies were fixed in terms of the U.S. dollar.
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Under the Bretton Woods system, currencies were indeed fixed in terms of the U.S. dollar, with the U.S. dollar itself being fixed to gold at a rate of $35 per ounce. Other currencies were allowed to fluctuate within a narrow band relative to the dollar.

Under the Bretton Woods System, Currencies Were Fixed in Terms