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. Young astronomer, Teenagers from Outer Space, after just seeing the invading spaceship through his telescope, and dismissing it (1959)
“If mass communications blend together harmoniously, and often unnoticeably, art, politics, religion, and philosophy with commercials, they bring these realms of culture to their common denominator—the commodity form. The music of the soul is also the music of salesmanship. Exchange value, not truth value, counts.”
—Herbert Marcuse (1898–1979)
“Put God in your debt. Every stroke shall be repaid. The longer the payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer.”
—Ralph Waldo Emerson (1803–1882)