Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “dirty float”

dirty float

noun [C]
 
 
ECONOMICS, FINANCE
a situation in which the value of a country's currency is allowed to change in relation to others, but is controlled by the government's central bank to keep it within a particular range: In our current international financial arrangement, called a dirty float, exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies.
(Definition of dirty float from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of dirty float?
Add Cambridge dictionaries to your browser to your website

Word of the Day

be as cold as ice

to be extremely cold

Word of the Day

Let’s celebrate! (words and phrases for parties)

by Kate Woodford,
December 17, 2014
​​​ With Christmas and New Year almost upon us, we thought it a good time to look at the language of parties and celebrations. First, let’s start with the word ‘party’ itself. To have or throw a party or, less commonly, to give a party is to arrange a party: We’re having a

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More