Under the system known as the "dirty" float, official boundaries for the exchange rate exist, but they are wider than they are under a fixed exchange rate system.

Question

Quizplus · Accepted Answer

A "dirty" float, or managed float, does not have official boundaries for the exchange rate; instead, it allows the currency to float in the market with occasional government intervention to stabilize or influence the currency's value.

Under the System Known as the "Dirty" Float, Official Boundaries