floating-rate
121exchange rate — The price of one country s currency expressed in another country s currency. Bloomberg Financial Dictionary * * * exchange rate exˈchange rate noun [countable] FINANCE the price at which one currency can be bought with another: • If the yen… …
122exchange rate — the ratio at which a unit of the currency of one country can be exchanged for that of another country. Also called rate of exchange. [1895 1900] * * * Price of one country s money in relation to another s. Exchange rates may be fixed or flexible …
123fixed exchange rate — A country s decision to tie the value of its currency to another country s currency, gold (or another commodity), or a basket of currencies . Bloomberg Financial Dictionary * * * fixed exchange rate fixed exchange rate ➔ exchange rate * * * A… …
124Exchange rate regime — The exchange rate regime is the way a country manages its currency in respect to foreign currencies and the foreign exchange market. It is closely related to monetary policy and the two are generally dependent on many of the same factors.The… …
125Delayed Rate Setting Swap — An exchange of cash flows, one of which is based on a fixed interest rate and one of which is based on a floating interest rate, in which the spread (difference) between the fixed and floating interest rates is determined when the swap is… …
126Interest-Rate Derivative — A financial instrument based on an underlying financial security whose value is affected by changes in interest rates. Interest rate derivatives are hedges used by institutional investors such as banks to combat the changes in market interest… …
127free-floating — ˈfree ˌfloating adjective FINANCE ECONOMICS not connected to or influenced by another thing: • an open economy with free floating exchange rates * * * free floating UK US adjective FINANCE ► used to describe a currency s exchange rate that is not …
128interest-rate swap — A form of dealing between banks, security houses, and companies in which institutions exchange interest rate payments on a notional capital value. Swaps can be in the same currency or cross currency (see cross currency interest rate swap). If a… …
