The current exchange-rate system is an "almost" flexible exchange-rate system.

Name: The current exchange-rate system is an "almost" flexible exchange-rate system.
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The current exchange-rate system is often referred to as a "managed float" or "dirty float" system, which combines elements of both fixed and flexible exchange-rate systems. While exchange rates are allowed to fluctuate based on market forces, governments and central banks still intervene to influence and stabilize exchange rates as needed.

The Current Exchange-Rate System Is an "Almost" Flexible Exchange-Rate System