What Is a Pegged Exchange Rate?

Answer A pegged exchange rate is the same thing as a fixed exchange rate. This type of exchange rate is when the government of one country fixes or pegs the value of its national currency to the value of ... Read More »

Top Q&A For: What Is a Pegged Exchange Rate

What is the RMB exchange rate?

The exchange rate for renminbi, also known as RMB or Chinese yuan, as of July 13, 2010 is 6.78 RMB to one US dollar. This is the lowest the exchange rate of RMB for dollars since 1993.References:Ch... Read More »

What is a forward exchange rate?

A forward exchange rate is the rate at which a foreign currency will sell for at some time in the future. For example, an investor enters into a foreign exchange contract today to buy euros three m... Read More »

What is the peso exchange rate?

The Mexican peso to U.S. dollar exchange rate was about 12.1275 pesos to the dollar, as of March 2011. One peso is equivalent to about 0.0827 U.S. dollars. The overall trend for the value of the pe... Read More »

How to Calculate Exchange Rate?

If you're planning to go abroad and exchange your money for another currency, it's a good idea to figure out how much cash you'll have after the exchange. Here's how to do it.