floating exchange rate - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “floating exchange rate”

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)
What is the pronunciation of floating exchange rate?
Add Cambridge dictionaries to your browser to your website

Word of the Day

generous

willing to give money, help, kindness, etc., especially more than is usual or expected

Word of the Day

May I sit here? Asking for and giving permission.

by Liz Walter,
June 03, 2015
We often find ourselves in situations where we need to ask for permission or to reply to people who ask us for permission. Here are some words and phrases to help you do this in a natural way. The simplest way to ask for permission is with the modal verb can: Can

Read More 

ebolaphobia noun

June 01, 2015
irrational fear of the (spread of) the Ebola virus Ebolaphobia Going Viral

Read More