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RBA Glossary definition for floating exchange rate
floating exchange rate – Exchange rates determined by market forces based on the demand for and supply of a currency.
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Introduction
31 Dec 2005
RDP
2005-02
This would contaminate the measured response of the exchange rate. Further, these four countries have highly liquid financial markets, freely floating exchange rates and similar monetary policy regimes. ... A related literature has attempted to consider
https://www.rba.gov.au/publications/rdp/2005/2005-02/introduction.html