In general, speculators tend to make a floating exchange rate system more stable.

Name: In general, speculators tend to make a floating exchange rate system more stable.
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Speculators help to increase liquidity in the foreign exchange market and can help to correct misalignments in exchange rates by buying or selling currencies based on their expectations of future exchange rate movements. This can help to prevent large and sudden swings in exchange rates and promote greater stability.

In General, Speculators Tend to Make a Floating Exchange Rate