The answer is a fixed exchange rate. When a central bank interferes
into the foreign exchange market to fix or adjust a nation’s exchange rate in a
long period of time. A fixed exchange rate or also known as pegged exchanged
rate, is defined as a type of exchange rate management wherein a currency’s
value is fixed, hence the name, against the value of another distinct currency,
or to an abundant of other currencies, or in another measurement of value.
