Exchange rate fixed against one or more currencies.

Same as floating exchange rate.

An exchange rate that is fixed, but is revaluated frequently.

The flexible exchange rate refers to the movement of a foreign currency exchange rate in response to changes in the market forces of supply and demand. A country's currencies weaken or strengthen on the basis of their reserves of hard currency and gold, international trade balance, rate of inflation and interest rates and the strength of their economy. A country's weak currency is unattractive because it may signify economic instability while a too strong currency makes goods and services too expensive for foreigners to buy.

An exchange rate which is determined by market forces in the absence of Central Bank intervention.

A foreign exchange rate whose value is determined by market forces.

Exchange rates with a fixed parity against one or more currencies with frequent revaluation's. A form of managed float.

Under a flexible exchange rate system, the price of a currency floats freely in relation to other currencies.