Exchange Rate Variability

Exchange Rate Mechanism (ERM)
The Exchange Rate Mechanism (ERM) is a system introduced by the European Economic Community in March 1979 to reduce exchange rate variability and achieve monetary stability in Europe in preparation for Economic and Monetary Union and the introduction of a single currency, the euro.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.