Teacher CPD: Join us in London for another packed programme of face-to-face CPD courses. Learn more


Floating exchange rate

A free-floating currency where the external value of a currency depends wholly on market forces of supply and demand. IMF classifies as free floating only those currencies where central bank interventions are limited to no more than three instances in the preceding six months.

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.