English translation: linked to the exchange rate of a currency
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21:01 Jul 20, 2005
Russian to English translations [PRO] Bus/Financial - Accounting
Russian term or phrase:привязанным к значениям
Настройка режима ежедневного хеджирования валютного риска путем пересчета задолженности по коэффициентам, привязанным к значениям курса валют
Explanation: Linked exchange rate system is a type of exchange rate regime to link the exchange rate of a currency to another.
Unlike a fixed exchange rate system, the government or the central bank does not actively interfere in the foreign exchange market by controlling supply and demand of the currency, in order to influence the exchange rate. The exchange rate is stabilised by a mechanism.
In the case of Hong Kong, the Hong Kong Dollar is linked to the US Dollar at HKD7.80/USD since October 17, 1983 through the currency board system
The Interest Rate Adjustment Mechanism is an automatic system that maintains the stability of the Hong Kong dollar exchange rate. Lately the HKMA has been disclosing the forecast change in the Aggregate Balance attributes to increase the transparency of the Currency Board operation