Central Rate

Summary of Central Rate

Each currency affiliated with the EUROPEAN monetary system (read this and related legal terms for further details) is assigned a value in terms of the European currency unit (ECU). The central rate is the range within which any participating currency is permitted to deviate from its ECU value, after which member central banks are obliged to intervene to restore equilibrium.

(Main Author: William J. Miller)

Hierarchical Display of Central rate

Finance > Monetary relations > European Monetary System > EMS exchange-rate mechanism
Finance > Monetary economics > Exchange policy > Exchange rate

Central rate

Concept of Central rate

See the dictionary definition of Central rate.

Characteristics of Central rate

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Resources

Translation of Central rate

• Spanish: Tipo de cambio central
• French: Taux pivot
• German: Leitkurs
• Italian: Tasso centrale
• Portuguese: Taxa central
• Polish: Kurs centralny

Thesaurus of Central rate

Finance > Monetary relations > European Monetary System > EMS exchange-rate mechanism > Central rate
Finance > Monetary economics > Exchange policy > Exchange rate > Central rate

See also

• Exchange rate
• Exchange parity
• Floating rate

• Fluctuation margin
• Convergence criteria