IMF parity - IMF parity

Japanese: IMF 平価 - あいえむえふへいか

…In this system, the exchange rate of each national currency is fixed to a certain amount of gold or to the dollar, which has an equivalent value. That is, the dollar is tied to gold at an exchange rate (legal parity) of 35 dollars for 1 ounce of gold, and each national currency other than the dollar is tied to the dollar at a certain exchange rate (IMF parity). Member countries must maintain the exchange rate of their currency against the dollar within a range of 1% above or below this IMF parity. …

From [Parity]

…Generally, the officially determined exchange rate between a currency and gold, or between currencies, is called a parity. Under the postwar IMF system, each country's currency was determined to be exchanged for the dollar at a fixed rate, and this officially determined exchange rate with the dollar was called an exchange parity or IMF parity. The fixed exchange rate of each country's currency under a fixed exchange rate system is this exchange parity. …

*Some of the terminology used in reference to "IMF parity" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

Japanese:

…そこでは各国通貨の為替相場は，一定量の金またはそれと同等の価値をもつドルに対して固定されている。すなわちドルは金1オンス＝35ドルの交換比率(法定平価)で金に結びつけられ，ドル以外の各国通貨は一定の交換比率(IMF平価)でドルに結びつけられている。加盟国は，このIMF平価の上下1％の範囲内に，自国通貨の対ドル為替相場を維持しなければならない。…

【平価】より

…一般に，公式に決められた通貨と金，通貨と通貨の間の交換比率を平価とよぶ。戦後IMF体制のもとでは，各国通貨は一定比率でドルと交換されるように決められていたが，この公式に決められたドルとの交換比率は為替平価またはIMF平価とよばれた。固定相場制のもとにおける各国通貨の固定為替レートがこの為替平価である。…

※「IMF 平価」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典第２版について | 情報

<<: IMF Balance of Payments Tables

>>: IMF Drawing Rights - IMF Draw Rights