Central Rate
Central Rate
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Summary of Central Rate
Each currency affiliated with the EUROPEAN monetary system (read this and related legal terms for further details) is assigned a value in terms of the European currency unit (ECU). The central rate is the range within which any participating currency is permitted to deviate from its ECU value, after which member central banks are obliged to intervene to restore equilibrium.
(Main Author: William J. Miller)
Hierarchical Display of Central rate
Finance > Monetary relations > European Monetary System > EMS exchange-rate mechanism
Finance > Monetary economics > Exchange policy > Exchange rate
Central rate
Concept of Central rate
See the dictionary definition of Central rate.
Characteristics of Central rate
Resources
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Translation of Central rate
Spanish: Tipo de cambio central
French: Taux pivot
German: Leitkurs
Italian: Tasso centrale
Portuguese: Taxa central
Polish: Kurs centralny
Thesaurus of Central rate
Finance > Monetary relations > European Monetary System > EMS exchange-rate mechanism > Central rate
Finance > Monetary economics > Exchange policy > Exchange rate > Central rate
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