A managed float (or "dirty float") is an exchange rate that is kept within a certain range through government intervention.

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A managed float is a type of exchange rate where the government intervenes in the market to keep the currency within a specific range. This is done through buying or selling the currency and adjusting interest rates. It differs from a fixed exchange rate where the government sets a specific value for the currency and intervenes to maintain that value.

A Managed Float (Or "Dirty Float") Is an Exchange Rate