Some investors hope the city will give up its peg to the U.S. dollar. They’re likely to keep hoping.

The demise of the Bretton Woods system of fixed exchange rates was a milestone event that marked the end of a prolonged period of low inflation, strong economic growth and financial stability.

Ukraine to ease fixed currency rate from Tuesday Battered economy shows smalls signs of recovery KYIV, Oct 2 (Reuters) - Ukraine's central bank said it would bring in a more flexible exchange rate ...

CAMBRIDGE – Fifty years ago this month, in March 1973, the Bretton Woods arrangement of fixed exchange rates was abandoned, and the world’s major currencies – including the US dollar, pound, yen, and ...

China has clung to exchange-rate stability more than most. The yuan has been less volatile than India’s rupee, let alone South Africa’s rand or Brazil’s real. But China has also adopted ...

Also known as a fixed exchange rate, currency pegging consists of the public policy of a national government, monetary authority or central bank to fix the value of its currency to another asset.

The fixed exchange starting in January will be set at 36.6243 cordobas per U.S. dollar, it said in a statement on Wednesday.

Today, freely floating exchange rates suit most large countries better than the late economists Richard Cooper, Robert Mundell, and John Williamson thought. But some countries do well with firmly ...

Maintaining fixed exchange rates became increasingly difficult, leading to the collapse of the system when the U.S. suspended the dollar’s convertibility into gold in 1971.