fixed parity Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “fixed parity” in the English Dictionary

"fixed parity" in Business English

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fixed paritynoun [C or U]

uk   us   (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 ​maintaincurrencyrates at a ​fixedparity.
the ​system by which the ​value of one country's ​currency is ​fixed to that of another country: The ​government may re-establish ​fixedparity for its ​currency this summer.
(Definition of fixed parity from the Cambridge Business English Dictionary © Cambridge University Press)
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“fixed parity” in Business English

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