Pimpy Post 1 of 2

A Floating Exchange Rate” is a regime where the currency price of the nation is set by the Forex market based on supply and demand relative to other currencies.  This is in contrast to a “Fixed Exchange rate in which the government entirely or predominately determines the rate.  We know right now the Iraqi dinar is on a fixed rate.  A floating exchange rate is one that is determined by supply and demand… [Post 1 of 2….stay tuned]