Cryptocurrency Q&A
What does floating exchange rate mean?
What does floating exchange rate mean?
CherryBlossomPetal
Wed Jan 29 2025
|
5
answers
1145
A floating exchange rate is a regime where the currency's value is determined by the foreign exchange market, through supply and demand, without significant government intervention. It can be freely floating or managed floating, depending on the level of government involvement.
Previous
How do global exchanges affect gold prices in local currencies?
Next
How much does it cost to start an online currency exchange business?
5 answers
DigitalDragonfly
Fri Jan 31 2025
Instead, the exchange rate fluctuates based on supply and demand in the foreign exchange market.
Was this helpful?
395
63
CryptoVisionary
Fri Jan 31 2025
There are no preset Upper or LOWER LIMITS IMPOSED by the GoverNMENT on the Fluctions.
Was this helpful?
71
38
KatanaSharpness
Fri Jan 31 2025
Floating exchange rate refers to a system where the value of a country's currency is determined by market forces.
Was this helpful?
391
53
CharmedVoyager
Fri Jan 31 2025
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and digital wallets. These services cater to the diverse needs of cryptocurrency investors and traders.
Was this helpful?
245
30
Martino
Fri Jan 31 2025
In this system, the monetary authorities do not fix the official exchange rate of the domestic currency against foreign currencies.
Was this helpful?
43
85
