fixed parity Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "fixed parity" - Business English Dictionary

fixed parity

noun [C or U]
 
 
( plural fixed parities) ECONOMICS, MONEY
the value of a country's currency in relation to another currency to which it is fixed: Member countries of the International Monetary Fund undertook to maintain currency rates at a fixed parity.
the system by which the value of one country's currency is fixed to that of another country: The government may re-establish fixed parity for its currency this summer.
(Definition of fixed parity from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of fixed parity?
Add Cambridge dictionaries to your browser to your website
Word of the Day
straight

the straight part of a racetrack (= the track on which competitors race)

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

exoskeleton noun
exoskeleton noun
July 27, 2015
a robotic device which goes around the legs and part of the body of a person who cannot walk and allows them to move independently and in an upright position The device, known as an exoskeleton, is strapped to the outside of a person’s limbs and can then be controlled by them.

Read More