Business, Legal & Accounting Glossary
An exchange rate which fluctuates depending on the supply and demand of a currency in relation to other currencies. If there is a high demand for a particular currency, its exchange rate relative to other currencies increases, on the other hand, if there is less demand, its value decreases. Opposite of fixed exchange rate.
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This glossary post was last updated: 20th November, 2021 | 0 Views.