<p dir="ltr"><strong><span style="font-size:16ptpx"><span style="background-color:#ffffff"><span style="color:#ff0000">S</span><span style="color:#000000">ometimes referred to as a [Fixed exchange rate], is a kind of exchange rate policy wherein a country’s domestic currency is only allowed to fluctuate within a narrow range (usually between -1% to +1%) against the value of another currency.</span></span></span></strong></p>