Band of fluctuation
Encyclopedia
Band of fluctuation is the range within which the market value of a national currency
is permitted to fluctuate by international agreements, or by unilateral decision by the central bank
.
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
is permitted to fluctuate by international agreements, or by unilateral decision by the central bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
.