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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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The Performance of Exchange Rate Forecasts

1 Jul 1986 RDP 8609
Philip W. Lowe and Robert G. Trevor
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1986/8609.html

Introduction

1 Jul 1986 RDP 8609
Philip W. Lowe and Robert G. Trevor
Despite the importance of the foreign exchange market the ability of its participants to provide reasonable forecasts of future exchange rates has been questioned widely. ... and comments such as “predicting the exchange rate level of the $A even one
https://www.rba.gov.au/publications/rdp/1986/8609/introduction.html