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Preferred term

exchange-rate regime  

Definition

  • The exchange rate represents the price at which one currency can be bought by another. Currency trading takes place on auction markets, known as foreign exchange markets, where annual turnover now exceeds global domestic product (GDP) by a factor in excess of forty. [Source: Encyclopedia of Governance; Exchange-Rate Regime]

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https://concepts.sagepub.com/social-science/concept/exchange-rate_regime

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