floating exchange rate

基本解釋

China establishes a managed floating exchange rate regime based on market demand and supply with reference to a basket of currencies.
中國實(shí)施的是以市場供求為基礎(chǔ)、參考一籃子貨幣進(jìn)行調(diào)節(jié)、有管理的浮動(dòng)匯率制度。
www.fmprc.gov.cn
On your second question, China adopts a managed floating exchange rate regime, which serves the long-term and fundamental interests of China.
關(guān)于第二個(gè)問題，中國實(shí)施有管理的浮動(dòng)匯率制度，這一機(jī)制符合中國長遠(yuǎn)和根本的利益。
www.fmprc.gov.cn
But in floating exchange rate markets， speculators can only make money if they help to stabilise the market， not if they make it more unstable.
但是在浮動(dòng)匯率市場上，投機(jī)商若要賺錢，只有幫助穩(wěn)定市場而不是使市場更加動(dòng)蕩。

It is more flexible (with a floating exchange rate) and its central bank is still soundly run.
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By devaluing a currency in a floating exchange rate environment, the result is that trade booms and foreign reserves balloon.
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However, in 1971 under President Richard Nixon, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime.
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