kids encyclopedia robot

Fixed exchange rate system facts for kids

Kids Encyclopedia Facts

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.

Related pages

Images for kids

See also

Kids robot.svg In Spanish: Tipo de cambio fijo para niños

Black History Month on Kiddle
Famous African-American Inventors:
Shirley Ann Jackson
Garett Morgan
J. Ernest Wilkins Jr.
Elijah McCoy
kids search engine
Fixed exchange rate system Facts for Kids. Kiddle Encyclopedia.