An exchange rate regime in which the government intervenes in the market to influence the market-determined exchange rate can be called either a dirty float or a managed float.

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Both terms, dirty float and managed float, can be used to describe an exchange rate regime in which the government intervenes in the market to influence the market-determined exchange rate. However, dirty float usually implies a greater degree of government intervention and manipulation, often through indirect measures such as changes in trade policies or capital controls. Managed float, on the other hand, suggests a more hands-off approach to exchange rate management, in which the government may intervene to smooth out fluctuations or address market imbalances but generally allows market forces to determine exchange rates.

An Exchange Rate Regime in Which the Government Intervenes in the Market