Managed float regime is an international financial environment in which

exchange rate In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of ...

s fluctuate from day to day, but

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

s attempt to influence their countries' exchange rates by buying and selling

currencies A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

to maintain a certain range. The peg used is known as a

crawling peg In macroeconomics, crawling peg is an exchange rate regime that allows Currency appreciation and depreciation, depreciation or appreciation to happen gradually. It is usually seen as a part of a fixed exchange rate regime. The system is a method ...

. In an increasingly integrated world economy, the currency rates impact any given country's economy through the

trade balance The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance ...

. In this aspect, almost all currencies are ''managed'' since

s or

governments A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

intervene to influence the value of their currencies. According to the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

, as of 2014, 82 countries and regions used a managed float, or 43% of all countries, constituting a plurality amongst exchange rate regime types.

List of countries with managed floating currencies

:''Sourc
IMF
as of April 31, 2008'' * * * * * * * * * * * * * * * * * * * *

Japanese yen The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the ...

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

References

{{DEFAULTSORT:Managed Float Regime International finance Open economy macroeconomics

List of countries with managed floating currencies

See also

References