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:
“Novels as dull as dishwater, with the grease of random sentiments floating on top.”
—Italo Calvino (1923–1985)
“But come what sorrow can,
It cannot countervail the exchange of joy
That one short minute gives me in her sight.”
—William Shakespeare (1564–1616)
“If we became students of Malcolm X, we would not have young black men out there killing each other like they’re killing each other now. Young black men would not be impregnating young black women at the rate going on now. We’d not have the drugs we have now, or the alcoholism.”
—Spike Lee (b. 1956)