Science Fair Project Encyclopedia
Floating currency
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.
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details