CurrencyMoney issued by governments and central banks.
Fixed Exchange RateA currency exchange rate set and maintained by a government or central bank.
Floating Exchange RateA currency exchange rate which is determined by supply and demand in the international Forex market.
Forex Largest foreign exchange market in the world in which more than USD1 trillion is traded daily.
Managed FloatThe use of both fixed and floating rate policy to maintain the currency exchange rate of a country.
Bretton Woods Conference1944 conference at which an international fixed exchange rate was created based on the U.S. dollar pegged to the price of gold.
Gold StandardMonetary system in which the value of its currency is based on the fixed amount of gold which backs it.PegFixed value of a currency based on its relation to another currency or the value of an underlying commodity, such as gold.