A fixed exchange rate is determined by governments or central banks.

Name: A fixed exchange rate is determined by governments or central banks.
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A fixed exchange rate is determined by governments or central banks. Under this system, the government or central bank decides to fix the value of its currency in terms of a foreign currency or a basket of foreign currencies. The exchange rate remains the same, and any fluctuations are managed by buying or selling currencies in the foreign exchange market.

A Fixed Exchange Rate Is Determined by Governments or Central