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 Main Page

Back to Forexpedia Main Page

"If A equals success, then the formula is: A = X+Y+Z. X is work. Y is play. Z is keep your mouth shut."
Albert Einstein
Clicky Web Analytics