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...terms of a foreign currency so that the cost of serving it varies with the exchange rate.

...hich it refers, it may be taken to refer to a country's [[trade-weighted exchange rate]]).

{{r|Exchange Rate Mechanism}}

:: £ exchange rate falls to $3.40.

...xchange rate, monetary or fiscal policies. In countries that adopt a fixed exchange rate policy, there is a policy necessity to set a limit upon its balance of paym

{{r|Exchange rate}}

{{r|Exchange rate}}

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{{r|Exchange rate risk}} {{r|Exchange rate depreciation}}

...o control inflation and maintain its exchange rate within its announced ([[exchange rate#Hybrid regimes|"crawling peg"]]) limits would hamper economic growth and fu ...ts and the adoption of a [[Exchange rate#floating exchange rates| floating exchange rate]] policy<ref>[http://research.stlouisfed.org/publications/review/02/11/Chio

* 1999: Stage 3 begins. The [[exchange rate]]s of the participating nations are fixed and the [[euro]] begins to trade

* A competitive exchange rate

...Great Republic by Master Historians'')]</ref>(effectively setting the $/£ exchange rate at $4.86 to the £). Germany and France adopted the gold standard in the 18 ...ement allowed for limited departures for the agreed parites by stipulating exchange rate bands, and provided for agreed exchange-rate devaluations under the supe

...he government of the UK was forced to withdraw the pound from the European Exchange Rate Mechanism. One speculator, George Soros, made over US$1 billion profit. In

- [[exchange rate]] - [[exchange rate#Floating exchange rates|floating exchange rate ]]

==Exchange rate effects==

...in favour of a regime in which market forces are allowed to determine the exchange rate. ...deficit]] and growth of the [[money supply]] leads to a rapid fall in the exchange rate.

...se increases in their [[unit labour cost]]s could no longer be offset by [[exchange rate depreciation]]. In 2010, a crisis developed over increases in the [[budge ...ew rules. Efficiency gains were expected to result from the elimination of exchange rate

...y and fiscal policies had been adopted and were maintained to raise the exchange rate in preparation for a return to the gold standard <ref name=Eichengreen>[htt ...and fall together with the tide'. It would do so, moreover at the pre-war exchange rate of $4.87 to the £ - about a 10 per cent increase on the market rate. The m

...ns suggest that the size of the multiplier is influenced by an economy's [[exchange rate]] regime, its openness to trade, the effectiveness of its [[monetary policy