Meaning of the word "floating exchange rate" in English
What does "floating exchange rate" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
floating exchange rate
US /ˈfloʊtɪŋ ɪksˈtʃeɪndʒ reɪt/
UK /ˈfloʊtɪŋ ɪksˈtʃeɪndʒ reɪt/
Noun
1.
an exchange rate regime where the value of a currency is allowed to fluctuate freely in response to foreign exchange market mechanisms, without intervention from central banks or governments
Example:
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Many major economies operate under a floating exchange rate system.
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A pure floating exchange rate is rare, as most governments intervene occasionally.
Synonym:
Synonym:
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