The-definition.com

Definition

Flexible exchange rates

Flexible exchange rates— the opposite of fixed exchange rates. The foreign exchange rate is adjusted periodically by the country’s monetary authorities in accordance with their judgment and/or an external set of economic indicators.

Share it:  Cite

More from this Section

  • Compensatory damages
    Compensatory damages are an award for damages that compensates an injured victim for losses ...
  • Forward contracts
    Forward contracts is the agreements that can be used when a customer anticipates a future ...
  • Factory mutual
    Factory mutual is an insurance company insuring only properties that meet high underwriting ...
  • Bank Credit
    Bank Credit includes Term Loans, Cash Credit, Overdrafts, Bills purchased & discounted, ...
  • Backup line
    Backup line is a commercial paper issuer's bank line of credit covering maturing notes ...