Search results
Results from the WOW.Com Content Network
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold or silver.
DBS has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank.
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
Fixed exchange rate; Floating exchange rate; Linked exchange rate; Managed float regime; Dual exchange rate; List of countries by foreign-exchange reserves; Markets; Foreign exchange market; Futures exchange; Retail foreign exchange trading; Assets; Currency; Currency future; Currency forward; Non-deliverable forward; Foreign exchange swap ...
Such currencies are described as fixed or pegged currencies. Currencies using an exchange-rate target actually float within a very narrow band, typically only a percent or two either side of a nominal exchange-rate target. This may be contrasted with currencies subject to monetary policy that uses some other monetary target (e.g. interest rates).
DBS Bank (Hong Kong) Limited (Chinese: 星展銀行（香港）有限公司) is a licensed bank incorporated in Hong Kong and is a subsidiary of DBS Bank headquartered in Singapore. As of 2022, it is the eighth-largest bank in Hong Kong by total assets.
Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency. Central banks can buy or sell foreign currency to influence exchange rates directly. For example, if a currency is depreciating, a central bank can sell its reserves in foreign currency to buy its ...
Mixed exchange rate regimes ('dirty floats', target bands or similar variations) may require the use of foreign exchange operations to maintain the targeted exchange rate within the prescribed limits, such as fixed exchange rate regimes. As seen above, there is an intimate relation between exchange rate policy (and hence reserves accumulation ...