Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “fixed currency”

fixed currency

noun [C]
 
 
(plural fixed currencies)
ECONOMICS, MONEY a currency whose value in relation to another currency or other currencies is kept at the same level by a central bank, etc.: We'll do all we can to safeguard our fixed currency link to the euro.
→ See also pegged currency
(Definition of fixed currency from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of fixed currency?
Add Cambridge dictionaries to your browser to your website

Word of the Day

maiden

a girl or young woman

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More