A currency band is a range of values for the exchange rate for a country’s currency which the country’s central bank acts to keep the exchange rate within. The central bank selects a range, or “band”, of values at which to set their currency, and will intervene in the market or return to a fixed exchange rate if the value of their currency shifts outside this band. This allows for some revaluation, but tends to stabilize the currency’s value within the band. Currency band and the approximations: fitting of rouble with 3-parametric functions”. This economics-related article is a stub.
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