A mechanism used by a central bank to influence a currency's exchange rate. A central bank may make an adjustment if a country's currency is not pegged to an exchange rate with another, more stable currency. In this situation, a country is said to have a managed floating exchange rate.
Browse by Subjects
seasonal adjustment
cost of sales adjustment
national income
fine tuning
See All Related Terms »

currency backing
bear flag
quantum meruit
Coverdell Education Savings Account (ESA)
cyclical unemployment