floating exchange rate
US /ˈfloʊtɪŋ ɪksˈtʃeɪndʒ reɪt/
UK /ˈfloʊtɪŋ ɪksˈtʃeɪndʒ reɪt/

1.
tipo de cambio flotante, régimen de tipo de cambio flotante
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
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Many major economies operate under a floating exchange rate system.
Muchas economías importantes operan bajo un sistema de tipo de cambio flotante.
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A pure floating exchange rate is rare, as most governments intervene occasionally.
Un tipo de cambio flotante puro es raro, ya que la mayoría de los gobiernos intervienen ocasionalmente.