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Well the author was also pointing out that currencies like the Barbados Dollar exist, whose exchange rate is pinned at BDS$2 = USD$1. A quick search for pinned
by carb 9y ago
Well the author was also pointing out that currencies like the Barbados Dollar exist, whose exchange rate is pinned at BDS$2 = USD$1.
A quick search for pinned currencies brought up this nice list: https://www.investopedia.com/articles/forex/061015/top-exchange-rates-pegged-us-dollar.asp https://www.investopedia.com/articles/forex/061015/top-excha...
- seanmcdirmid 9y agoA lot of curriencies are hard pegged to another (e.g. HKD to USD). However, to maintain the peg, central banks must carefully ensure that it remains true in reality, otherwise someone can make money on arbitrage.