Managed float (政府操纵的汇率浮动 zhèngfǔ cāozòng de huìlǜ fúdòng) refers to the exchange rate floating that is manipulated by the monetary authority.
- 政 (zhèng) as in politics (政治 zhèngzhì); 府 (fǔ) refers to the seat of government. 政府 (zhèngfǔ) means government.
- In ancient Chinese, 操 (cāo) means contracting something and 纵 (zòng) means releasing something; the combination of the two words is to describe the ability to control or manipulate.
- 汇 (huì) as in converging (汇合 huìhé) or vocabulary (词汇 cíhuì); 率 (lǜ) as in rate (比率 bǐ lǜ) or probability (几率 jī lǜ). 汇率 (huìlǜ) means the exchange rate.
- 浮 (fú) as in emerging (浮出 fúchū); 动 (dòng) as in movement (动作 dòngzuò). 浮动 (fúdòng) means floating. A common phrase is 浮动汇率 (fúdòng huìlǜ) that means floating exchange rate.
Managed float (政府操纵的汇率浮动 zhèngfǔ cāozòng de huìlǜ fúdòng) word example:
- Managed floating rate system (有管理的浮动汇率制度 yǒu guǎnlǐ de fúdòng huìlǜ zhìdù).