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welcome back to another short video on key diagrams in the third of our series on exchange rates if its okay with you lets spend a few minutes thinking about the semi-fixed currency system now in a semi-fixed exchange rate system the currency is allowed to fluctuate day to day but only between a specified range before nation central bank will intervene to help bring a currency back within range so essentially you you determine the band within which a currency can trade if it moves outside that band above or below then the central bank is duty-bound in fact to to intervene in the market perhaps through interest rate changes perhaps through intervention direct intervention which well look at to bring that currency back within that range the frequency the number of times the central bank has to intervene depends partly on how volatile the currency is but also critically on the width of the band of fluctuation thats given to a particular currency and according to the rmfs survey of c