What is the definition of Floating exchange rate? | Dictionary.net

FLOATING EXCHANGE RATE

\flˈə͡ʊtɪŋ ɛkst͡ʃˈe͡ɪnd͡ʒ ɹˈe͡ɪt], \flˈə‍ʊtɪŋ ɛkst‍ʃˈe‍ɪnd‍ʒ ɹˈe‍ɪt], \f_l_ˈəʊ_t_ɪ_ŋ ɛ_k_s_tʃ_ˈeɪ_n_dʒ ɹ_ˈeɪ_t]\

Definitions of FLOATING EXCHANGE RATE

1910 - Black's Law Dictionary (2nd edition)

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A system when a currency value changes by market demand and supply. The government has no control over this. Central banks do try to defend the rates in a range by buying currency as a situation needs.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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