Floating exchange rate
Revision as of 00:25, 28 October 2019 by Gary (talk | contribs) (Gary moved page Floating exchange rates to Floating exchange rate)
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
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
