Floating Currency

What is Floating Currency?


1.

A currency whose value is set by the currency markets; money whose exchange rate relative to other currencies is determined mainly or entirely by unrestricted trading in the currency. Most currencies are dirty float|dirty floats, which means that the government issuing them attempts to manage their traded value in some way; or else hard peg|hard pegs, in which the value is tied to something specific.

When a currency is floating, then its value may rise because the county is running a trade surplus, or it is running a capital account surplus. Floating currencies are not fiat money, although they are often confused for each other.

For most of the last half century, most money used around the world has been floating currency.

See currency, economics, foreign exchange, money, trade


63

Random Words:

1. Awesome girl full of life and nice hair; likes colors and fun people "dude! did you see that JUICEBOX! :D" "yeah, man. ..
1. Another term for the Hebrew alphabet What is that one charachter in the jewphabet? You know...the one with the dot?..
1. where a group of 4 people or more have group sex whilst laying down in a puddle of baked beans me and my mates had a beany beany bang b..