Adedeji Goodnews
Joined June 2023
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What is the meaning of “float” in the context of currency exchange.
In the context of currency exchange, the term "float" refers to the act of allowing the exchange rate of a currency to be determined by market forces, rather than being fixed by a central authority or government. Floating a currency means that its value is allowed to fluctuate in response to supply and demand factors in the foreign exchange market.
By Adedeji Goodnews 11 months ago in Trader