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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

1 Dec 1989 RDP 8909
Jerome Fahrer
RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime 1. ... The second issue is that although the period since 1973 is often characterized as that of “generalized floatingexchange rates, exchange market intervention has
https://www.rba.gov.au/publications/rdp/1989/8909/introduction.html