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Exchange rate. USD, EUR, and Romanian leu. In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. [1] . Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. [2]
A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar .
Deposit Facility Rate. Euribor. The euro ( symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents. [6] [7]
Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories.[3] The pound (sign: £) is the main unit of sterling,[4] and the word pound is also used to refer to the British currency generally,[5] often qualified in international contexts as the British pound or the pound sterling.[4] Sterling is the ...
Foreign exchange reserves, also called Forex reserves, in a strict sense, are foreign-currency deposits held by nationals and monetary authorities.
The United States dollar ( symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
China's was the only major world economy to experience GDP growth in 2020, when its GDP increased by 2.3%. [101] However, it posted one of its worst economic performances in decades because of COVID-19 in 2022. [102] In 2023, IMF predicted China to continue being one of the fastest growing major economies. [103]
