CryptoWanderer
Thu Aug 08 2024
|
6 answers
1434
What is a floating exchange rate system?
Could you please explain what a floating exchange rate system is? How does it differ from a fixed exchange rate system? In a floating exchange rate system, are the values of currencies determined by market forces, such as supply and demand? And how does this system impact international trade and investment? I'm interested in understanding the benefits and drawbacks of a floating exchange rate system, as well as how it operates in practice.
