Navigation

Floating Exchange Rate

A rate that is allowed to change freely, as influenced by an open market, rather than being fixed to the value of another asset (e.g., the Chinese Yuan is not openly traded and fixed to the value of the U.S. Dollar).

Back to Forexpedia Main Page

"It's easy to make a buck. It's tougher to make a difference."
Tom Brokaw
Clicky Web Analytics