Economics GCSE
Fixed Exchange Rate
What Fixed Exchange Rate means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Fixed Exchange Rate
An exchange rate system where the government or central bank intervenes to maintain the currency's value at a specific target rate.
Topics that use Fixed Exchange Rate
- Exchange rates (Pearson Edexcel GCSE)
Related terms
Using Fixed Exchange Rate in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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