managed float
C1CEFR level
55/100Rarity: uncommon
TechnicalRegister
An exchange-rate system in which a currency floats but the central bank intervenes to steer it.
Rather than a free float, the country operates a managed float to smooth wild swings.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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