What Is, What Is: Fixed Exchange
In a repaired swop rate scheme, most of the operations of one currency for another will take place in the private market amid men, businesses, and international banks. However, by fixing the commute rate the governmental authority would have confirmed illegal any dealings that don't happen at the announced rate. However, it is very improbable that the announced agreed change rate will at all times equalize private demand for foreign foreign exchange with private provide.
Determined Exchange Rate (fixed rate) - Interchange rate agreed by the official responsible for putting monetary policy for one or more countries.