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href="https://ga.wikipedia.org/wiki/Banda_airgeadra" title="Banda airgeadra – Irish" lang="ga" hreflang="ga" data-title="Banda airgeadra" data-language-autonym="Gaeilge" data-language-local-name="Irish" class="interlanguage-link-target"><span>Gaeilge</span></a></li><li class="interlanguage-link interwiki-hy mw-list-item"><a href="https://hy.wikipedia.org/wiki/%D4%B1%D6%80%D5%AA%D5%B8%D6%82%D5%A9%D5%A1%D5%B5%D5%AB%D5%B6_%D5%B4%D5%AB%D5%BB%D5%A1%D5%B6%D6%81%D6%84" title="Արժութային միջանցք – Armenian" lang="hy" hreflang="hy" data-title="Արժութային միջանցք" data-language-autonym="Հայերեն" data-language-local-name="Armenian" class="interlanguage-link-target"><span>Հայերեն</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/%E7%82%BA%E6%9B%BF%E3%83%90%E3%83%B3%E3%83%89%E5%88%B6" title="為替バンド制 – Japanese" lang="ja" hreflang="ja" data-title="為替バンド制" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Banda_cambial" title="Banda cambial – Portuguese" lang="pt" hreflang="pt" data-title="Banda cambial" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/%D0%92%D0%B0%D0%BB%D1%8E%D1%82%D0%BD%D1%8B%D0%B9_%D0%BA%D0%BE%D1%80%D0%B8%D0%B4%D0%BE%D1%80" title="Валютный коридор – Russian" lang="ru" hreflang="ru" data-title="Валютный коридор" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q2898188#sitelinks-wikipedia" 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format and two-column format"}'><span class='oo-ui-toggleSwitchWidget-glow'></span><a href='/w/index.php?title=Currency_band&diff=prev&oldid=1240355536&diff-type=inline'><span class='oo-ui-toggleSwitchWidget-grip'></span></a></div></div></div></div></div></div><table class="diff diff-type-table diff-contentalign-left diff-editfont-monospace" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" class="diff-otitle diff-side-deleted"><div id="mw-diff-otitle1"><strong><a href="/w/index.php?title=Currency_band&oldid=1240355198" title="Currency band">Revision as of 23:55, 14 August 2024</a> <span class="mw-diff-edit"><a href="/w/index.php?title=Currency_band&action=edit&oldid=1240355198" title="Currency band">edit</a></span><span class="mw-diff-timestamp" data-timestamp="2024-08-14T23:55:45Z"></span></strong></div><div id="mw-diff-otitle2"><a 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id="mw-diff-ntitle1"><strong><a href="/w/index.php?title=Currency_band&oldid=1240355536" title="Currency band">Revision as of 23:58, 14 August 2024</a> <span class="mw-diff-edit"><a href="/w/index.php?title=Currency_band&action=edit&oldid=1240355536" title="Currency band">edit</a></span><span class="mw-diff-timestamp" data-timestamp="2024-08-14T23:58:31Z"></span> <span class="mw-diff-undo"><a href="/w/index.php?title=Currency_band&action=edit&undoafter=1240355198&undo=1240355536" title=""Undo" reverts this edit and opens the edit form in preview mode. It allows adding a reason in the summary.">undo</a></span></strong></div><div id="mw-diff-ntitle2"><a href="/wiki/User:.galenIgh" class="mw-userlink" title="User:.galenIgh" data-mw-revid="1240355536"><bdi>.galenIgh</bdi></a> <span class="mw-usertoollinks">(<a href="/wiki/User_talk:.galenIgh" class="mw-usertoollinks-talk" title="User talk:.galenIgh">talk</a> | <a href="/wiki/Special:Contributions/.galenIgh" class="mw-usertoollinks-contribs" title="Special:Contributions/.galenIgh">contribs</a>)</span><div class="mw-diff-usermetadata"><div class="mw-diff-userroles"></div><div class="mw-diff-usereditcount"><span>240</span> edits</div></div></div><div id="mw-diff-ntitle3"><abbr class="minoredit" title="This is a minor edit">m</abbr> <span class="comment comment--without-parentheses">+category: International macroeconomics</span></div><div id="mw-diff-ntitle5"></div><div id="mw-diff-ntitle4"><a href="/w/index.php?title=Currency_band&diff=next&oldid=1240355536" title="Currency band" id="differences-nextlink">Next edit →</a></div></td> </tr><tr> <td colspan="2" class="diff-lineno">Line 16:</td> <td colspan="2" class="diff-lineno">Line 16:</td> </tr> <tr> <td class="diff-marker"></td> <td class="diff-context diff-side-deleted"><div>[[Category:Currency|Band]]</div></td> <td class="diff-marker"></td> <td class="diff-context diff-side-added"><div>[[Category:Currency|Band]]</div></td> </tr> <tr> <td class="diff-marker"></td> <td class="diff-context diff-side-deleted"><div>[[Category:Foreign exchange market]]</div></td> <td class="diff-marker"></td> <td class="diff-context diff-side-added"><div>[[Category:Foreign exchange market]]</div></td> </tr> <tr> <td colspan="2" class="diff-empty diff-side-deleted"></td> <td class="diff-marker" data-marker="+"></td> <td class="diff-addedline diff-side-added"><div>[[Category:International macroeconomics]]</div></td> </tr> </table><hr class='diff-hr' id='mw-oldid' /> <h2 class='diff-currentversion-title'>Revision as of 23:58, 14 August 2024</h2> <div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">This article is about exchange rates. For currency packaging device, see <a href="/wiki/Currency_strap" title="Currency strap">currency strap</a>.</div> <style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol dl,.mw-parser-output .hlist ol ol,.mw-parser-output .hlist ol ul,.mw-parser-output .hlist ul dl,.mw-parser-output .hlist ul ol,.mw-parser-output .hlist ul ul{display:inline}.mw-parser-output .hlist .mw-empty-li{display:none}.mw-parser-output .hlist dt::after{content:": "}.mw-parser-output .hlist dd::after,.mw-parser-output .hlist li::after{content:" · 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1em!important}.mw-parser-output .sidebar-subgroup{width:100%;margin:0;border-spacing:0}.mw-parser-output .sidebar-left{float:left;clear:left;margin:0.5em 1em 1em 0}.mw-parser-output .sidebar-none{float:none;clear:both;margin:0.5em 1em 1em 0}.mw-parser-output .sidebar-outer-title{padding:0 0.4em 0.2em;font-size:125%;line-height:1.2em;font-weight:bold}.mw-parser-output .sidebar-top-image{padding:0.4em}.mw-parser-output .sidebar-top-caption,.mw-parser-output .sidebar-pretitle-with-top-image,.mw-parser-output .sidebar-caption{padding:0.2em 0.4em 0;line-height:1.2em}.mw-parser-output .sidebar-pretitle{padding:0.4em 0.4em 0;line-height:1.2em}.mw-parser-output .sidebar-title,.mw-parser-output .sidebar-title-with-pretitle{padding:0.2em 0.8em;font-size:145%;line-height:1.2em}.mw-parser-output .sidebar-title-with-pretitle{padding:0.1em 0.4em}.mw-parser-output .sidebar-image{padding:0.2em 0.4em 0.4em}.mw-parser-output .sidebar-heading{padding:0.1em 0.4em}.mw-parser-output .sidebar-content{padding:0 0.5em 0.4em}.mw-parser-output .sidebar-content-with-subgroup{padding:0.1em 0.4em 0.2em}.mw-parser-output .sidebar-above,.mw-parser-output .sidebar-below{padding:0.3em 0.8em;font-weight:bold}.mw-parser-output .sidebar-collapse .sidebar-above,.mw-parser-output .sidebar-collapse .sidebar-below{border-top:1px solid #aaa;border-bottom:1px solid #aaa}.mw-parser-output .sidebar-navbar{text-align:right;font-size:115%;padding:0 0.4em 0.4em}.mw-parser-output .sidebar-list-title{padding:0 0.4em;text-align:left;font-weight:bold;line-height:1.6em;font-size:105%}.mw-parser-output .sidebar-list-title-c{padding:0 0.4em;text-align:center;margin:0 3.3em}@media(max-width:640px){body.mediawiki .mw-parser-output .sidebar{width:100%!important;clear:both;float:none!important;margin-left:0!important;margin-right:0!important}}body.skin--responsive .mw-parser-output .sidebar a>img{max-width:none!important}@media screen{html.skin-theme-clientpref-night .mw-parser-output .sidebar:not(.notheme) .sidebar-list-title,html.skin-theme-clientpref-night .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle{background:transparent!important}html.skin-theme-clientpref-night .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle a{color:var(--color-progressive)!important}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-list-title,html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle{background:transparent!important}html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle a{color:var(--color-progressive)!important}}@media print{body.ns-0 .mw-parser-output .sidebar{display:none!important}}</style><table class="sidebar nomobile nowraplinks hlist"><tbody><tr><th class="sidebar-title">Foreign exchange</th></tr><tr><th class="sidebar-heading"> Exchange rates</th></tr><tr><td class="sidebar-content"> <ul><li><a class="mw-selflink selflink">Currency band</a></li> <li><a href="/wiki/Exchange_rate" title="Exchange rate">Exchange rate</a></li> <li><a href="/wiki/Exchange_rate_regime" title="Exchange rate regime">Exchange rate regime</a></li> <li><a href="/wiki/Exchange-rate_flexibility" title="Exchange-rate flexibility">Exchange-rate flexibility</a></li> <li><a href="/wiki/Currency_substitution" title="Currency substitution">Dollarization</a></li> <li><a href="/wiki/Fixed_exchange_rate_system" title="Fixed exchange rate system">Fixed exchange rate</a></li> <li><a href="/wiki/Floating_exchange_rate" title="Floating exchange rate">Floating exchange rate</a></li> <li><a href="/wiki/Linked_exchange_rate" class="mw-redirect" title="Linked exchange rate">Linked exchange rate</a></li> <li><a href="/wiki/Managed_float_regime" title="Managed float regime">Managed float regime</a></li> <li><a href="/wiki/Dual_exchange_rate" title="Dual exchange rate">Dual exchange rate</a></li> <li><a href="/wiki/List_of_countries_by_foreign-exchange_reserves" title="List of countries by foreign-exchange reserves">List of countries by foreign-exchange reserves</a></li></ul></td> </tr><tr><th class="sidebar-heading"> Markets</th></tr><tr><td class="sidebar-content"> <ul><li><a href="/wiki/Foreign_exchange_market" title="Foreign exchange market">Foreign exchange market</a></li> <li><a href="/wiki/Futures_exchange" title="Futures exchange">Futures exchange</a></li> <li><a href="/wiki/Retail_foreign_exchange_trading" title="Retail foreign exchange trading">Retail foreign exchange trading</a></li></ul></td> </tr><tr><th class="sidebar-heading"> Assets</th></tr><tr><td class="sidebar-content"> <ul><li><a href="/wiki/Currency" title="Currency">Currency</a></li> <li><a href="/wiki/Currency_future" title="Currency future">Currency future</a></li> <li><a href="/wiki/Currency_forward" class="mw-redirect" title="Currency forward">Currency forward</a></li> <li><a href="/wiki/Non-deliverable_forward" title="Non-deliverable forward">Non-deliverable forward</a></li> <li><a href="/wiki/Foreign_exchange_swap" title="Foreign exchange swap">Foreign exchange swap</a></li> <li><a href="/wiki/Currency_swap" title="Currency swap">Currency swap</a></li> <li><a href="/wiki/Foreign_exchange_option" title="Foreign exchange option">Foreign exchange option</a></li></ul></td> </tr><tr><th class="sidebar-heading"> Historical agreements</th></tr><tr><td class="sidebar-content"> <ul><li><a href="/wiki/Bretton_Woods_Conference" title="Bretton Woods Conference">Bretton Woods Conference</a></li> <li><a href="/wiki/Smithsonian_Agreement" title="Smithsonian Agreement">Smithsonian Agreement</a></li> <li><a href="/wiki/Plaza_Accord" title="Plaza Accord">Plaza Accord</a></li> <li><a href="/wiki/Louvre_Accord" title="Louvre Accord">Louvre Accord</a></li></ul></td> </tr><tr><th class="sidebar-heading"> See also</th></tr><tr><td class="sidebar-content"> <ul><li><a href="/wiki/Bureau_de_change" title="Bureau de change">Bureau de change</a></li> <li><a href="/wiki/Hard_currency" title="Hard currency">Hard currency</a></li> <li><a href="/wiki/Currency_pair" title="Currency pair">Currency pair</a></li> <li><a href="/wiki/Foreign_exchange_fraud" title="Foreign exchange fraud">Foreign exchange fraud</a></li> <li><a href="/wiki/Currency_intervention" title="Currency intervention">Currency intervention</a></li></ul></td> </tr><tr><td class="sidebar-navbar"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output .navbar-brackets::before{margin-right:-0.125em;content:"[ "}.mw-parser-output .navbar-brackets::after{margin-left:-0.125em;content:" ]"}.mw-parser-output .navbar li{word-spacing:-0.125em}.mw-parser-output .navbar a>span,.mw-parser-output .navbar a>abbr{text-decoration:inherit}.mw-parser-output .navbar-mini abbr{font-variant:small-caps;border-bottom:none;text-decoration:none;cursor:inherit}.mw-parser-output .navbar-ct-full{font-size:114%;margin:0 7em}.mw-parser-output .navbar-ct-mini{font-size:114%;margin:0 4em}html.skin-theme-clientpref-night .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}@media(prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}}@media print{.mw-parser-output .navbar{display:none!important}}</style><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Foreign_exchange" title="Template:Foreign exchange"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Foreign_exchange" title="Template talk:Foreign exchange"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Foreign_exchange" title="Special:EditPage/Template:Foreign exchange"><abbr title="Edit this template">e</abbr></a></li></ul></div></td></tr></tbody></table> <p>A <b>currency band</b> is a range of values for the <a href="/wiki/Exchange_rate" title="Exchange rate">exchange rate</a> for a country’s currency which the country’s <a href="/wiki/Central_bank" title="Central bank">central bank</a> acts to keep the exchange rate within.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (November 2019)">citation needed</span></a></i>]</sup> </p><p>The central bank selects a range, or "band", of values at which to set their currency, and will intervene in the market or return to a fixed exchange rate if the value of their currency shifts outside this band. This allows for some <a href="/wiki/Revaluation" title="Revaluation">revaluation</a>, but tends to stabilize the currency's value within the band. In this sense, it is a compromise between a <a href="/wiki/Fixed_exchange_rate_system" title="Fixed exchange rate system">fixed</a> (or "pegged") exchange rate and a <a href="/wiki/Floating_exchange_rate" title="Floating exchange rate">floating exchange rate</a>.<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> </p><p>For example, the exchange rate of the <i><a href="/wiki/Renminbi" title="Renminbi">renminbi</a></i> of the <a href="/wiki/Mainland_China" title="Mainland China">mainland</a> of the <a href="/wiki/People%27s_Republic_of_China" class="mw-redirect" title="People's Republic of China">People's Republic of China</a> has been based upon a currency band;<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> the <a href="/wiki/European_Economic_Community" title="European Economic Community">European Economic Community</a>'s "<a href="/wiki/Snake_in_the_tunnel" title="Snake in the tunnel">snake in the tunnel</a>" was a similar concept that failed, but ultimately led to the establishment of the <a href="/wiki/European_Exchange_Rate_Mechanism" title="European Exchange Rate Mechanism">European Exchange Rate Mechanism</a> (ERM) and ultimately the <a href="/wiki/Euro" title="Euro">Euro</a>. </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2></div> <ul><li><a href="/wiki/Currency_strap" title="Currency strap">Currency strap</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.investopedia.com/terms/c/currency-band.asp">"Investopedia Currency Band Definition"</a></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-214484/"><i>China Vows Wider Yuan Movement</i></a> April 18, 2013 Wall Street Journal</span> </li> </ol></div></div></div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1&useformat=desktop" alt="" width="1" height="1" style="border: none; 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