Floating (or flexible) exchange rates (浮动汇率 fúdòng huìlǜ) refers to a type of exchange rate regime, under which the value of a country’s currency against foreign currency is allowed to fluctuate freely according to the supply and demand situation in the foreign exchange market, and the fluctuation range of exchange rate is not fixed.
- 浮 (fú) as in buoyancy (浮力 fúlì), emersion (浮出 fúchū) or floating clouds (浮云 fúyún). The character contains 氵(shuǐ; water) and describes the situation when a certain item floats on the water.
- 动 (dòng) as in sports (运动 yùndòng), animals (动物 dòngwù) or moving/touching (动人 dòngrén).
- 汇 (huì) as in (汇款 huìkuǎn), (汇钱 huìqián) or converge (汇合 huìhé).
- 率 (lǜ) as in ratio (比率 bǐlǜ), heart rate (心率 xīnlǜ), probability (几率 jīǜ), or efficiency (功率 gōnglǜ).
Floating (or flexible) exchange rates (浮动汇率 fúdòng huìlǜ) word examples:
- Floating (or flexible) exchange rates regime (浮动汇率制 fúdòng huìlǜ zhì).
Also see: fixed exchange rates.» Add a new term or correction« Back to Glossary Index