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.
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prior year adjustments
cost of living
historical cost concept
national income
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Chinese Yuan (CNY or ¥)
floating rate
commercial hedger
whole life cost
discount house