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Classify currency log

Classify currency log easily

Aug 6th, 2022

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How to classify currency log

4.6 out of 5

33 votes

Exchange rate regimes are categorized into hard pegs with no flexibility, and flexible regimes with free movement of currency prices. In between are intermediate exchange rate regimes. Fixed exchange rates involve committing to exchanging foreign currency for a set amount of domestic currency. Some countries go further by adopting another country's currency, like using the US dollar.

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