Exchange Rate Mechanism (ERM),
Exchange Rate Mechanism (ERM) means,
Exchange Rate Mechanism (ERM) means: An Exchange Rate Engine (ERM) is a tool used to manage a country's exchange rate against another country's currencies. It is part of the monetary policy of the economy and is used by the central bank.
- An exchange rate mechanism (MTC) is a means by which central banks can influence the relative value of their local currency in the foreign exchange market.
- The ERM allows central banks to change currency parity to normalize trade and / or affect inflation.
- Generally, ERM is used to keep the exchange rate stable and to minimize the exchange rate in the market.
Literal Meanings of Exchange Rate Mechanism (ERM)
Meanings of Exchange:
The act of giving one thing in return and receiving another (especially of the same type or price).
Sentences of Exchange
Negotiations led to the exchange of land for peace.
Synonyms of Exchange
bandying, interchange, trade-off, change, trade, barter, traffic, swap, trafficking, giving and taking, trading, switch, swapping, reciprocity
Meanings of Rate:
Set a pattern or value for a particular scale (object).
Think of it as a particular quality, standard or area.
A measure, quantity or frequency that is usually measured in relation to another quantity or unit of measure.
Pay a fixed price or charge something for something, especially good or service.
Scolding (someone) in anger
Sentences of Rate
This event was considered a great success.
Synonyms of Rate
deem to be, weigh up, tariff, fare, consider to be, gauge, adjudge, judge to be, estimate, value, figure, calculate, charge, evaluate, cost, price, reckon to be, judge, think to be, measure, appraise, put a value on, outlay, amount, hold to be, find to be, hire
Meanings of Mechanism:
A system of parts that works together in a machine that is part of a machine.
A natural or established process by which something happens or is created.
The theory that all natural phenomena, including life and thought, allow mechanical explanation through physics and chemistry.
Sentences of Mechanism
In the bridge mechanism, the sniper injured his arm
We have no procedure for estimating the success of applications submitted
Much of the controversy stems from the mechanics vs. vitality argument.
Synonyms of Mechanism
agency, structure, vehicle, tool, workings, contraption, appliance, utensil, channel, apparatus, instrument, system, implement, means, channels, gadget, technique, machine, process, operation, contrivance, tackle, procedure
Meanings of ERM: