Exchange Rate Agreement
/ɪksˈtʃeɪndʒ reɪt əˈɡriːmənt/
Definitions
- (n.) A formal contract between two or more parties setting fixed or stabilized currency exchange rates to reduce volatility.
The countries entered into an exchange rate agreement to stabilize trade relations.
Forms
- exchange rate agreement
- exchange rate agreements
Related terms
See also
Commentary
Exchange rate agreements are typically used in international economic law to manage currency fluctuations and provide predictability in cross-border transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.