floating currency Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “floating currency” in the English Dictionary

"floating currency" in Business English

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floating currencynoun [C]

uk   us   ECONOMICS
a ​currency whose ​value is ​allowed to ​change in relation to the ​value of other ​currencies: In an ​openeconomy with a ​floatingcurrency, ​companiesexposed to ​internationaltrade often ​bear the ​burden of ​measures to ​controlinflation.
(Definition of floating currency from the Cambridge Business English Dictionary © Cambridge University Press)
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