What is the best way to describe international currencies relationship to one another?

Question

Quizplus · Accepted Answer

The most accurate description of international currencies relationship to one another is that all major currencies are free floating relative to one another. This means that their exchange rates are determined by supply and demand in the global foreign exchange market, and are not fixed to a stable standard or pegged to another currency. However, some countries may still choose to peg their currency to a more stable currency or adopt a fixed exchange rate system for economic or political reasons.

What Is the Best Way to Describe International Currencies Relationship