realignment

(foreign exchange) Simultaneous and mutually coordinated re- and devaluation of the currencies of several countries. The concept was first used in 1971 for the exchange rate corrections made in a number of countries within the framework of the Smithsonian Agreement. Since then, it has mainly been used to describe the exchange rate corrections within the European Monetary System.

Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support