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.

A drawback of fixed rates is that governments and central banks often have to work against market forces to maintain a currency peg (the policy a country uses to set a fixed exchange rate).

If youve exchanged money recently, for travel, investments, or a global transfer, youve probably seen rates shift. These movements show how exchange rates react to simple forces, like interest rates, ...

With an exchange rate near 89,000 LBP per 1 USD, the Lebanese pound remains the weakest in the world. Lebanon’s financial collapse, political dysfunction, and runaway inflation have destroyed ...

This Economic Letter summarizes the papers presented at the conference “Asset Prices, Exchange Rates, and Monetary Policy” held at Stanford University on March 2-3, 2001, under the joint sponsorship ...

Growing remittance flows to emerging and developing economies may lead to real exchange rate appreciation and weaken their competitiveness. While the empirical literature finds mixed results about the ...

This paper investigates the impact of natural disasters on exchange rate movements in different country groups with different exchange rate regimes. Using a panel local projection model with a ...

Another element to be factored in is countries' exchange rate policies and practices, the official said, pointing to cases in which policies cause rates to deviate from market value to the ...