clean float

Definitions

Accounting

  • noun an act of floating a currency freely on the international markets, without any interference from the government

Economics

  • noun the action of floating a currency freely on the international markets, without any interference from the government

Forex

  • (written as Clean Float)
    A situation in which the exchange rate of a currency is being set by supply and demand only, rather than by fiscal policy actions by governments. This situation, also called a pure exchange rate, is the opposite of a dirty float, which occurs when government actions influence the exchange rate of a currency in opposition to supply and demand in order to achieve economic or political goals.
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