At par

At par,

Definition of At par:

  1. At equality. Two currencies are said to be at par if they are trading one-for-one. The significance is more psychological then economic, but the long decline of the Canadian dollar below par with the U.S. dollar, and the more recent variation of the euro between above and below par, also with the U.S. dollar, has been cause for concern.

Meaning of At par & At par Definition