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A floating exchange rate or a fluctuating exchange rate is a type of exchange rate regime in which a currency’s value is allowed to fluctuate in response to foreign exchange market mechanisms.
A currency that uses a floating exchange rate is known as a floating currency.
A floating exchange rate refers to changes in a currency’s value relative to another currency (or currencies).
Floating exchange rate is a type of exchange rate regime in which a currency value is allowed to fluctuate in response to foreign exchange market mechanisms
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