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What is floating exchange rates?

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تم إضافة السؤال من قبل padmakumar pathiyil , Marketing Consultant , Management Consultancy
تاريخ النشر: 2014/10/29
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

A floating exchange rate or fluctuating exchange rate is a type of exchange-rate regime in which a currency's value is allowed to fluctuate in response to market mechanisms of the foreign-exchange market. A currency that uses a floating exchange rate is known as a floating currency. A floating currency is contrasted with a fixed currency. In the modern world, most of the world's currencies are floating; such currencies include the most widely traded currencies: the United States Dollar, the EURO, GBP etc.

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من قبل مستخدم محذوف‎

floating exchange rate or fluctuating exchange rate is a type of exchange-rateregime in which a currency's value is allowed to fluctuate according to the foreign-exchange market. A currency that uses a floating exchange rate is known as afloating currency.

Ayyub khan Ibrahim Khan Deshmukh
من قبل Ayyub khan Ibrahim Khan Deshmukh , Finance Manager , Ahmad Al-Sarraf General Trading & Contracting Est.

A country's exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies. Thus, floating exchange rates change freely and are determined by trading in the forex market.

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