Walkingstick says - A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate
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Walkingstick says - A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate
by RamblerNash Mon Jan 03, 2022 11:33 pm
Walkingstick
[via Frank26] A fixed exchange rate controls the nominal exchange rate that is set by the CBI. Whereas a float is determined by the foreign exchange markets by supply and demand of the Real Effective Exchange Rate that will fluctuate during its float...A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate.
[via Frank26] A fixed exchange rate controls the nominal exchange rate that is set by the CBI. Whereas a float is determined by the foreign exchange markets by supply and demand of the Real Effective Exchange Rate that will fluctuate during its float...A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate.
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