| 单词 | floating exchange rate |
| 释义 | floating exchange rateDefinition System in which a currency's value is determined solely by the interplay of the market forces of demand and supply (which, in turn, is determined by the soundness of a country's basic economic position), instead of by government intervention. However, all central banks do try to defend these rates within a certain range by buying or selling their country's currency as the situation warrants. Use 'floating exchange rate' in a SentenceWhen traveling to a new country, it is important to understand that a floating exchange rate may surprisingly alter the monetary value of the currency which you are exchanging. You need to be able to quickly adapt to a floating exchange rate and do your deals when the time is right. Based on the floating exchange rate, we decided to buy our furniture at the IKEA in Canada. Our dollar was worth so much more than we bought furniture there a year ago. |
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