A floating exchange rate or fluctuating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to fluctuate according to the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency.
Read more about Floating Exchange Rate: Economic Rationale, Floating Currency, Fear of Floating
Famous quotes containing the words floating, exchange and/or rate:
“I know, it must have been my imagination, but it makes me realize how desperately alone the Earth is. Hanging in space like a speck of food floating in the ocean. Sooner or later to be swallowed up by some creature floating by.... Time will tell, Dr. Mason. We can only wait and wonder. Wonder how, wonder when.”
—Tom Graeff. Tom Graeff. Young astronomer, Teenagers from Outer Space, after just seeing the invading spaceship through his telescope, and dismissing it (1959)
“I should like not to exchange any of my life for money.”
—Henry David Thoreau (1817–1862)
“This is the essential distinction—even opposition—between the painting and the film: the painting is composed subjectively, the film objectively. However highly we rate the function of the scenario writer—in actual practice it is rated very low—we must recognize that the film is not transposed directly and freely from the mind by means of a docile medium like paint, but must be cut piece-meal out of the lumbering material of the actual visible world.”
—Sir Herbert Read (1893–1968)