floating exchange rate Meaning in Cambridge Business English Dictionary
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Meaning of "floating exchange rate" - Business English Dictionary

floating exchange rate

noun [C]
 
 
( also floating rate) ECONOMICS
an exchange rate that is allowed to change in relation to the value of other currencies: Under the floating exchange rate system, a country's currency is supposed to adjust to ensure that its economy stays healthy. →  Compare fixed exchange rate
(Definition of floating exchange rate from the Cambridge Business English Dictionary © Cambridge University Press)
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