floating exchange rate


Currency exchange rate which is determined by free market forces, rather than being fixed by a government.

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I wondered what the floating exchange rate was and how it would apply to us and our business, in the long run.

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The floating exchange rate was a joy to experience as we appreciated a free market to naturally set the exchange rates.

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He would often check the floating exchange rate before he would plan his trip to Canada. Since it was always changing, he wanted to go when it was the most beneficial to him.

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floating interest rate cap