dirty float

dirty float
A system of floating exchange rates in which a government may intervene to change the direction of the value of the country's currency. Bloomberg Financial Dictionary

* * *

dirty float dirty float float2

* * *

   A system where no official parities for currencies are declared or maintained. The central bank or national monetary authority does not publish details of a fixed target, e.g. four francs to the dollar. Instead it intervenes in foreign exchange markets to achieve an undisclosed target exchange rate. The target may be changed according to circumstances. Also known as a managed float.

* * *

dirty float UK US noun [C] ECONOMICS, FINANCE
a situation in which the value of a country's currency is allowed to change in relation to others, but is controlled by the government's central bank to keep it within a particular range: »

In our current international financial arrangement, called a dirty float, exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies.


Financial and business terms. 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Dirty float — A system of floating exchange rates in which the government occasionally intervenes to change the direction of the value of the country s currency. The New York Times Financial Glossary * * * dirty float dirty float ➔ float2 * * *    A system… …   Financial and business terms

  • Dirty Float — A system of floating exchange rates in which the government or the country s central bank occasionally intervenes to change the direction of the value of the country s currency. In most instances, the intervention aspect of a dirty float system… …   Investment dictionary

  • dirty float — /ˈdɜti floʊt/ (say dertee floht) noun a devaluation or revaluation of a currency brought about by a government intervention in the international money market, as by buying or selling foreign exchange …  

  • dirty float — / dɜ:ti fləυt/ noun a process of floating a currency, where the government intervenes to regulate the exchange rate …   Dictionary of banking and finance

  • exchange rate dirty float — ➔ dirty float …   Financial and business terms

  • float — The use of funds generated as a result of timing differences in the check clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank s reserve account for checks being cleared can be received prior to the time… …   Financial and business terms

  • Float — The number of shares that are actively tradable in the market, excluding shares that are held by officers and major stakeholders that have agreements not to sell until someone else is offered the stock. The New York Times Financial Glossary * * * …   Financial and business terms

  • Dirty Harry — This article is about the 1971 film. For other uses, see Dirty Harry (disambiguation). Dirty Harry Theatrical release poster by Bill Gold Directed by …   Wikipedia

  • Dirty Jobs — Seriendaten Deutscher Titel Dirty Jobs – Arbeit, die keiner machen will Originaltitel Dirty Jobs …   Deutsch Wikipedia

  • Managed float — Also known as dirty float, this is a system of floating exchange rates with central bank intervention to reduce currency fluctuations. The New York Times Financial Glossary * * *    See Dirty Float …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”