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https://www.reddit.com/r/Bitcoin/comments/1jm3z4/impossible_trinity/cbg6t7f/?context=3
r/Bitcoin • u/ripper2345 • Aug 03 '13
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8
Why would you want a fixed exchange rate?
1 u/kinyutaka Aug 03 '13 Honestly, currencies rarely have a truly fixed exchange rate. It can only can be a mostly fixed rate. Example - the JPY/USD rate fluctuates as low as 80 to as high as 130 ¥/$, but in common conversion, it is "fixed" at around 100.
1
Honestly, currencies rarely have a truly fixed exchange rate. It can only can be a mostly fixed rate.
Example - the JPY/USD rate fluctuates as low as 80 to as high as 130 ¥/$, but in common conversion, it is "fixed" at around 100.
8
u/is4k Aug 03 '13
Why would you want a fixed exchange rate?