Question

Advantage of exchange banking ?​

Answer 1

Answer:

Floating exchange rates have these main advantages: ... No need for frequent central bank intervention: Central banks frequently must intervene in foreign exchange markets under the fixed exchange rate regime to protect the gold parity, but such is not the case under the floating regime. Here there's no parity to uphold.

Answer 2

Answer:

Advantage of floating banking exchange rates

automatic stabilisation:- any disequilibrium in the balance of payments would be automatically corrected by a change in exchange rate