Floating currency
From Biocrawler, the free encyclopedia.
A floating currency is a currency that uses a floating exchange rate as its exchange rate regime.
In the modern world, the majority of the world's currencies are floating, including the most widely traded currencies: the United States dollar, the Japanese yen, the euro, and the British pound sterling.
A floating currency is contrasted with a fixed currency.
A floating currency is one where targets other than the exchange rate are instead used to administer monetary policy. See open market operations.
