Also not an economist, but topics like this always remind me of the Impossible Trinity and how different countries solve for different pairs of policies out of the three available choices
I might be biased here, but isn't a fixed exchange rate somewhat of a false sense of security anyway? As in it's great because it reduces volatility of unhedged contracts most of the time, but when it finally goes it tends to do so dramatically?
https://en.m.wikipedia.org/wiki/Impossible_trinity