managed float
Definition
An exchange rate regime in which the rate is allowed to be determined in the exchange market without an announced par value as the goal of intervention, but the authorities do nonetheless intervene at their discretion to influence the rate.
Use managed float in a sentence
“ You should always try and follow the managed float and see if there is a good time for you to invest in it. ”
“ The managed float had been relatively stable as of late, but there were concerns that the situation could dramatically worsen soon enough. ”
“ The continent of Africa has a preponderance of countries, among them Algeria, Kenya, Madagascar, and Egypt, using a managed float currency exchange rate system. ”
