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The exchange rate for that currency changes depending on the operations of the free market
The exchange rate for that currency changes depending on the operations of the free market
The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.
Pegged currency ^For me on apex 2022 :)
floating
The exchange rate for that currency changes depending on the operations of the free market
The exchange rate for that currency changes depending on the operations of the free market
The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.
Pegged currency ^For me on apex 2022 :)
floating
Of currency exchange? Floating, as a free market should be.
Floating Exchange Rate
Floating exchange rate
pegged exchange rate is officially fixed in terms of gold or any other currency in foreign exchange. Floating exchange rate is flexible rate in which value of currency is allowed to adjust freely determined by the supply & demand of foreign exchange
depreciation is a reduction in the value of a currency in a floating exchange rate system.
The great atraction of a floating exchange rate is that in theory it provides a kind of automatic mechanism for keeping the balance of payment in equilibrium.
India followed a 'fixed exchange rate' system till the economic crisis of 1991.At present India is following 'floating exchange rate'following link will help you to understand:(http://indianblogger.com/foreign-exchange-rate-determination-in-india/)thank you