In the floating exchange rate system, a domestic currency is left free to float against a number of foreign currencies in its foreign exchange market and determines its own value.
They are also called as market driven exchange rates.
This system is regulated by factors such as the demand and supply of the domestic and the foreign currencies in the concerned economy.
FOR MORE DETAIL NOTES in This Topic… JUST STAY CONNECTED
For Videos Join us on Youtube-
212 total views, 2 views today