Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.
Sentiment: NEGATIVE
After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.
We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.
Interest rates are used to achieve overall economic stability.
We believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.
The euro is a hybrid of a fixed exchange-rate regime, like the 1980s ERM or the 1930s gold standard, and a state currency.
Well, I make a practice of not commenting on the role of the relative exchange value of our currency.
The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.
Opt for a fixed-rate rather than an adjustable-rate mortgage.
The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments.