Quote Originally Posted by forexguy9 View Post
The terms clean float and dirty float what do they mean?
Are clean floor also known as a pure exchange rate occurs when the value of currency or its exchange rate is determined purely by supply and the demand the floor is money in the banking system that is briefly counted twice due to delay in processing checks and can distort the money supply for the nation a dirty float is a floating exchange rate was a country's Central Bank occasionally enter when to change the direction or the pace of change of a country's currency value in most instances in the central bank is a dirty float system act as a buffer against and external acts economic shock before its effect become disruptive to the domestic economy that is also known as a managed float