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What do you understand by Floating exchange rate?

What do you understand by Floating exchange rate?

Posted by R. MAK. on August 4, 2009 · 0 Comment

A type of exchange rate regime wherein a currency’s value is permitted to fluctuate according to the foreign exchange market is referred to a floating exchange rate or a flexible exchange rate. A floating currency is a currency that uses a floating exchange rate. Fixed exchange rate is the opposite of…

Filed in: Currency Rates, Currency Trade, Forex Basics, Forex Market

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