Band of fluctuation
The band of fluctuation is the range within which the market value of a national currency is permitted to fluctuate by international agreements, or by unilateral decision by the central bank.[1]
Notes and references
- Burda, Wyplosz (1997). Macroeconomics: A European Text (2nd ed.). Oxford University Press. ISBN 0199264961.
gollark: Our computers operate on fuzzy boolean logic, where the probability/confidence in a result is propagated with the thing itself.
gollark: Numeric types.
gollark: Oh, I see. We could put our computers into time accelerator chambers.
gollark: 18 months is much longer than 62 minutes, so I don't see the problem.
gollark: What? We obviously doubled (and still double) the performance every 62 minutes, not 18 months.
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