Complex is the symmetry of a single exchange rate.
Also known as multiple exchange rates.
A country has two or more coexisting official exchange rates for its currency with foreign currencies, each of which applies only to certain transactions or commodities.
The complex exchange rate is also called multiple exchange rate or multiple exchange rate.
The symmetry of the “single exchange rate”.
A country may, in any case, set different rates of exchange for the same foreign currency for different purposes.
After the capitalist world economic crisis of 1929-1933, Germany and some Latin American countries first adopted complex exchange rate systems.
After the Second World War, the number of countries with complex exchange rates increased significantly, which was a manifestation of the deepening crisis of the capitalist money and credit system.
The purpose of implementing a composite exchange rate is to strengthen exports by setting different exchange rates for different goods according to their different competitiveness in foreign markets.
