What is Managed Floating Exchange Rate?
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A managed floating exchange rate is a regime that allows an issuing central bank to intervene regularly in FX markets in order to change the direction of the currency’s float and shore up its balance of payments in excessively volatile periods. This regime is also known as a “dirty float”.
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Managed floating refers to managing the float rate of exchange by the central bank by way of sale and purchase of foreign exchange in the international money market. It is also called ' Dirty Floating '
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