We’ll start by learning about the concept itself, and will continue with each regime type, starting with the ones with highest monetary policy independence, and moving to less independent regimes.Įxchange rate regimes, a simple definition and a list of types. From a purely floating exchange rate, to a central bank determined fixed exchange rate, this Learning Path explains the basics of each of these regimes. Exchange rate regimes (or systems) are the frame under which that price is determined. However, just like for goods and services, we must take into account what determines that price, since governments can influence it, and even fix it. Exchange rates can be understood as the price of one currency in terms of another currency.
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