Title: Exchange rate regime - Wikipedia
Headings: Exchange rate regime
Exchange rate regime
Contents
Fixed versus Floating
Exchange rate regimes
Floating exchange rate regime
Free float (Floating exchange rate)
Managed float (or dirty float)
Intermediate rate regime
Band (Target zone)
Crawling peg
Crawling band
Currency basket peg
Fixed exchange rate regime
Currency board
Dollarisation
Currency union
See also
References
Further reading

Content: A movement in the peg rate is called either revaluation or devaluation . Currency board
Currency board is an exchange rate regime in which a country's exchange rate maintain a fixed exchange rate with a foreign currency, based on an explicit legislative commitment. It is a type of fixed regime that has special legal and procedural rules designed to make the peg "harder—that is, more durable". Examples include the Hong Kong dollar against the U.S dollar and Bulgarian lev against the Euro. Dollarisation
Dollarisation, also currency substitution, means a country unilaterally adopts the currency of another country. Most of the adopting countries are too small to afford the cost of running its own central bank or issuing its own currency. Most of these economies use the U.S dollar, but other popular choices include the euro, and the Australian and New Zealand dollars . Currency union
A currency union, also known as monetary union, is an exchange regime where two or more countries use the same currency. Under a currency union, there is some form of transnational structure such as a single central bank or monetary authority that is accountable to the member states. Examples of currency unions are the Eurozone, CFA and CFP franc zones.