is pegged at a fixed exchange rate to the U.S. dollar. The following are some of the main factors that can affect various currencies' appreciation and depreciation relative to one another.

But to call these changes competitive devaluation misrepresents the historical ... at the 1944 Bretton Woods conference to establish a system of “fixed but adjustable” exchange rates so that the ...

‘Devaluation’ means official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign ...

The unofficial exchange rate (commonly referred to as “blue ... to terms with reality and acknowledges there has been a devaluation due to the monetary expansion announced by the Government.