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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