Mention the features of the Fixed Parity System of exchange rates.  

Word Count : 592

---

The fixed parity system of exchange rates is a monetary system where the value of a country's currency is fixed to the value of another country's currency or to the price of gold. This system was widely used in the 19th and early 20th centuries before the adoption of flexible exchange rate regimes. Here are some of the key features of the fixed parity system:

1. Fixed exchange rate: The most important feature of the fixed parity system is that the exchange rate between two currencies is fixed and does not fluctuate. This means that the value of a country's currency is determined by the value of the currency to which it is pegged. For example, if the US dollar is pegged to gold at $35 per ounce, then the value of the US dollar is fixed at $35 per ounce of gold.

2. Parity: The term 'parity' refers to the equality of the value of two currencies in the fixed parity system. The exchange rate between two currencies is said to be at parity when the value of one currency is equal to the value of another currency. This means that if the US dollar is ___ ______ _____ ________ ___________ _____________.
______ _________ ____________ ____________ _____ _______ ____ _____________ ____________ ___ _________.
_______ _______ __________ ___ __________ _________ ____________ _______ ______ _________ ______ ________ _____ ____ _____.
________ __ _____ __________ _______ _________ ______ ___.
__ ___________ __________ ___ _______ __ _________ ____________ _______ ____ ____________ ________.
_____ _______ ____ __________ __ ____________ _____________ ____________ _______ ____ __________ ______ _________ ___________.
_____ ___ __________ ____ ________ ______.
_________ _________ ___ ________ ___ ___ ______ __________ _______ ________.
_________ _________ ___________ ________ ____________ _________ __________ ___ ____.
______ ______ _____________ _____ __________ ____ ____________ ______.
_________ __________ __________ ____ __ _______ ______ ___ __ ___ ____________ ______ ___ ___________ __.
__ ________ ____ ____________ ____ _________ ____ _____________ _____________.
_____________ ___________ _____________ ____ ___ __________ ________ _________ ___ __________ _______ ____ _______ ___________ ______.
___ ____________ _____ _________ ____ ___________ _______.
___________ _______ _________ ____ ____ __ _____________ __ ___________ __________.
______ _______ _____ ___ _____________ ____________ ____ ___________.
_________ __________ ___________ ___________ _____________ ____________.
____ _____________ ______ _______ ___________ ___ _____ ______ _____ ______ __________.
__________ __________ _______ ____ ______ ____________ ____________ ________ ___ _______.
______ ____ _____________ ___________ _________ _______ ____________ _____ _________ _____________ ____ ______ ________ ____________ ________.
_____________ _____ _____ _____________ ____ ___ ___ _________ ____________ __________ ____________ __________.
______ _________ _____________ ___ ____ ________ ___ ____________ ________ ___ _____ ________ ________ ____.
______ ___ ________ _____________ _________ _______ _______ _______ ____________ ___.
____ __ _________ ___ __________ _____________ ___________ ____________.
__________ __________ ________ _________ ____________ ________ _____ _________ ______ ___________.
____________ _____________ __ _____ _____________ ___________ ___ _______ ____ _________ __ ___.
_____ __________ ________ _________ _______ ___ ______ ____________ ____.
____________ _____ ____ _____________ ______ __________ _____ _________.
_____________ __ ___________ _______ _______ _____ ____________.
_____ _____ ___________ ____________ _______ _____ _______ ______ ________ ___________.
_____ ________ ____________ ___ _______ _______.
_____________ _________ _____________ _________ __ _______ _______.
___ _______ ____ ____ __________ _____________ ____ ____ __________ __.
____ _____________ _____ ____ ___ _____________ ___ _____ _____ _____ ___ ______ ______ _____________ _____________.
____________ _____________ _____________ ____ ____ _____ _______ ________.
____ ___ ___ ________ _____________ __________ ________ _____ ____ ______ ____ _________ __________ ______ ______.
________ _______ ___ ________ ________ ______ __________ __________ ________ _________ ____ _____ ___________.
_______ ___ __ _______ _____ _____ _____________ ___ __ __ ____________ __ _________ ___ _______.
_______.
Click Here to Order Full Assignment on WhatsApp

Degree : MASTER DEGREE PROGRAMMES
Course Name : Master in Business Administration
Course Code : MBA
Subject Name : International Financial Management
Subject Code : MMPF 5
Year : 2023