Why in reality then fixed exchange rates are difficult and then a look at the link between exchange rates and trade. (tes.com)
At the very least, losing the anchor of a near - fixed exchange rate raises volatility. (blackrockblog.com)
Specifically, this lesson is for teaching the basics of exchange rates (introduction), including how exchange rates work, how the calculations are made, what is Purchasing Power Parity (PPP) This is followed up in lesson two with a look at fixed exchange rates, the ERM and trade. (tes.com)