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:
“We sank a foot deep in water and mud at every step, and sometimes up to our knees, and the trail was almost obliterated, being no more than that a musquash leaves in similar places, where he parts the floating sedge. In fact, it probably was a musquash trail in some places.”
—Henry David Thoreau (1817–1862)
“I live in my house as I live inside my skin: I know more beautiful, more ample, more sturdy and more picturesque skins: but it would seem to me unnatural to exchange them for mine.”
—Primo Levi (1919–1987)
“Unless a group of workers know their work is under surveillance, that they are being rated as fairly as human beings, with the fallibility that goes with human judgment, can rate them, and that at least an attempt is made to measure their worth to an organization in relative terms, they are likely to sink back on length of service as the sole reason for retention and promotion.”
—Mary Barnett Gilson (1877–?)