Parity

General

Equality in amount or value. For example, if the price for goods sold in two different markets is the same, the price is in parity.

Foreign exchange

Exchange relationship of a currency to a legally binding reference, i.e., to a specific amount of gold, to Special Drawing Rights (SDRs) or to other currencies. 

See special drawing right(s).

Foreign exchange/official parity

Predetermined exchange rate relationship between two currencies.

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