Floating exchange rate

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Floating exchange rate is a rate that depends on the system currently in effect, where the forces of supply and demand are allowed to determine currency prices with little government intervention.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Floating exchange rates. The system currently in effect, where the forces of supply and demand are allowed to determine currency prices with little government intervention.

Related concepts

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