Nikkie A crawling peg is a type of exchange rate regime in which a currency’s value is allowed to fluctuate within a predetermined band in relation to another currency. The band is often based on a fixed percentage of the currency’s value, and the rate is allowed to move up or down within the band according … Read more
An exchange rate is the rate at which one currency is exchanged for another. Exchange rates are determined by factors such as interest rates, inflation, and political stability. When you exchange currency, you are essentially buying one currency and selling another. The exchange rate represents the price of one currency in terms of another. For … Read more
