An exchange rate regime characterized by regulate monetary authority's intervention in the market to stabilize the rates or to force the exchange rate to go in a required direction.
An exchange rate regime in which the rate is allowed to be determined in the exchange market without an announced par value as the goal of intervention, but the authorities do nonetheless intervene at their discretion to influence the rate.
Exchange rate policy where central banks regularly intervene to stabilize and/or steer the direction of their currency.
When the monetary authorities intervene regularly in the market to stabilize the rates or to aim the exchange rate in a required direction.
Regular intervention in the market by a Central Bank to stabilize currency rates.
Also known as a ‘dirty float'. An exchange rate regime whereby the currency is not pegged but rather managed by the central bank in order to prevent extreme currency valuations in the exchange rate. The central bank can use interest rates to attract or deflect capital and/or through the buying and selling of the currency itself.
Also known as "dirty" float, this is a system of floating exchange rates with central bank intervention to reduce currency fluctuations.