Clean Float

Summary of Clean Float

The condition in which the values of national currencies vis-a-vis each other are determined by market forces without government intervention to maintain prearranged rates of exchange.

(Main Author: William J. Miller)

Clean Float in International Trade

Meaning of Clean Float, according to the Dictionary of International Trade (Global Negotiator): A system in which exchange rates are determined by market forces rather than by government intervention or restrictions. See also dirty float; floating exchange rate.