fixed parity
noun[CorU]
ECONOMICS,MONEYukuspluralfixed paritiesthevalueof a country'scurrencyinrelationto anothercurrencyto which it isfixed:
Membercountriesof theInternationalMonetary Fundundertooktomaintaincurrencyratesat afixedparity.
thesystemby which thevalueof one country'scurrencyisfixedto that of anothercountry:
Thegovernmentmay re-establishfixedparityforitscurrencythissummer.