Fixed exchange rate system facts for kids
In a fixed exchange rate, a state authority defines an exchange rate of its own currency, against another currency, a basket of currencies, or some good, such as gold. The central bank of the country will then guarantee this exchange rate; it will buy or sell its currency at this rate.
Images for kids
In Spanish: Tipo de cambio fijo para niños
Fixed exchange rate system Facts for Kids. Kiddle Encyclopedia.