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fixed parity UK US noun [C or U] (plural fixed parities) ECONOMICS, MONEY
► the value of a country's currency in relation to another currency to which it is fixed: »
Member countries of the International Monetary Fund undertook to maintain currency rates at a fixed parity.
► the system by which the value of one country's currency is fixed to that of another country: »
The government may re-establish fixed parity for its currency this summer.
Financial and business terms. 2012.