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question		réponse
exchange rate commencer à apprendre		the price at which one currency can be exchange for another.
depreciate commencer à apprendre		to lose in value
currency speculation commencer à apprendre		buiyng currency in the hope of making a profit.
appreciate commencer à apprendre		to gain in value
speculative commencer à apprendre		based on guess, not on information
fixed commencer à apprendre		something which stays the same and not vary.
pegged exchange rate commencer à apprendre		=fixed exchange rate
gold convertibility commencer à apprendre		the price at which we can buy for example a ounce of gold (now about 35$).
floating interest rate commencer à apprendre		interest rate which is depend on market forces.
market force commencer à apprendre		the level of supply and demand
common currency commencer à apprendre		a system of money shared by two or more countries.
intervene commencer à apprendre		to come between points of time or events
exchange market commencer à apprendre		place where traders buy or sell currencies.
reserves commencer à apprendre		to retain for future use
manage commencer à apprendre		be in charge of something
fixed interest rates commencer à apprendre		situation when interest rates are stable for long time.
fiat money commencer à apprendre		legal paper currency which can't be convert into coin.

Exchange rates