What is free exchange rate also known as?

The flexible rate of exchange is a dynamic concept that hinges on the intricate interplay of supply and demand forces within the foreign exchange market. This mechanism ensures that currency valuations are continuously adjusted, reflecting the ever-changing economic realities of the global economy.

Also known as the 'free exchange rate' or the 'floating exchange rate', this system allows for the autonomous movement of currencies against each other, free from any artificial constraints or manipulations. It promotes transparency and efficiency in the international monetary system.

The flexibility inherent in this system enables quick adjustments to be made in response to economic shocks or changes in market sentiments. For instance, if a country's economy is performing well, attracting foreign investments, its currency may appreciate, reflecting increased demand for that currency.

Conversely, in times of economic uncertainty or weakness, the demand for a country's currency may decline, leading to depreciation. This automatic adjustment helps maintain balance in the global economy and prevents the build-up of unsustainable imbalances.

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