How do governments float exchange rates?
Excuse me, could you elaborate on how governments go about floating exchange rates? I'm interested in understanding the mechanisms and strategies they employ to allow the <a href="https://www.btcc.com/en-US/markets/coinInfo" title="market">market</a> to determine the value of their currencies, as opposed to fixing them at a specific rate. Specifically, how do they manage to balance the need for stability with the benefits of market-driven fluctuations? And, are there any risks or challenges that governments need to consider when floating their exchange rates?
What is a bitcoin float?
I don't understand this question. Could you please assist me in answering it?