vaihtokurssijärjestelmä
vaihtokurssijärjestelmä, also known as the exchange rate system, refers to the framework that governs how the value of one country's currency is determined in relation to other currencies. There are several types of exchange rate systems, each with its own implications for international trade and capital flows.
A fixed exchange rate system is one where a country's government or central bank ties its currency's
A floating exchange rate system, on the other hand, allows a currency's value to fluctuate freely in
A managed float, or dirty float, system is a hybrid approach where the exchange rate is generally
The choice of exchange rate system has significant consequences for a nation's economy, affecting its export