Business, Legal & Accounting Glossary
noun Usage floating of a company the act of starting a new company by selling shares in it on the Stock Exchange Usage the floating of the pound letting the pound find its own exchange rate on the international market adjective not fixed Examplesfloating exchange rates • the floating pound
“…in a world of floating exchange rates the dollar is strong because of capital inflows rather than weak because of the nation’s trade deficit” [Duns Business Month]
not fixed
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This glossary post was last updated: 20th November, 2021 | 0 Views.