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An exchange rate between two currencies that is allowed to fluctuate with the market forces of supply and demand. Floating exchange rates tend to result in uncertainty as to the future rate at which currencies will exchange.
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financial-dictionary.thefreedictionary.com/floating+exc...
financial-dictionary.thefreedictionary.com/floating+exchange+rate
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Revision note on fixed and floating exchange rates ... With floating exchange rates, changes in market demand and market supply of a currency cause a change in value. In the diagram below we see the effects of a rise in the demand for sterling (perhaps caused by a rise in exports or an increase in the speculative demand...
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tutor2u.net/economics/content/topics/exchangerates/fixe...
tutor2u.net/economics/content/topics/exchangerates/fixed_floating.htm
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Floating exchange rates were only first introduced in the 1970s. ... Both floating and fixed exchange rates have numerous advantages and disadvantages. ... The advantages of floating rates include automatic stabilisation of the exchange rate. It has been argued that the fixed rate system could not have coped with the...
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www.siilats.com/docs/keskkoolECON/EXCHRATE.htm
www.siilats.com/docs/keskkoolECON/EXCHRATE.htm
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floating exchange rate in the news ... Floating And Fixed Exchange Rates ... Multiple Exchange Rates...
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www.investorwords.com/2016/floating_exchange_rate.html
www.investorwords.com/2016/floating_exchange_rate.html
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FIXED VERSUS FLOATING EXCHANGE RATES; Peter B. Kenen; In the 1990s, a new consensus emerged regarding exchange rate regimes. Governments must choose between flexible exchange rates and firmly fixed exchange rates.
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www.cato.org/pubs/journal/cj20n1/cj20n1-13.pdf
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Under floating exchange rates these outcomes are achieved automatically without the need for government intervention. By contrast, under fixed exchange rates balance of payments equilibrium is not the normal condition.
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www.abc.net.au/money/currency/features/feat10.htm
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Note that I have substituted "flexible" for "floating" rates, because many of those who subscribe to the new consensus are not fully convinced that markets know more than governments and do not rule out official intervention to influence market ... Several arguments have been adduced for fixing exchange rates firmly.
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www.allbusiness.com/management/3586406-1.html
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Fixed or Flexible? Getting the Exchange Rate Right in the 1990s ; A 1998 article by Francesco Caramazza and Jahangir Aziz from the IMF describing the differences between fixed and floating exchange rates...
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internationalecon.com/Finance/Fch110/Fch110.php
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Henrique Meirelles: Ten years of floating exchange rates in Brazil; Speech by Mr Henrique Meirelles, Governor of the Central Bank of Brazil, to celebrate 10 years of floating exchange rates in Brazil, Central Bank of Brazil, Brasília, 19 January 2009. * * *;
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www.bis.org/review/r090129d.pdf
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