exchange rate maintained at a certain level by the government’s intervention through the country’s central bank and not determined by the freemarket forces of demand and supply is indicative of this type of currency. but instead is . To some extent almost all currencies are managed . Also refer to floating exchange rate.

More On This Topic

Link to This Definition
Did you find this definition of MANAGED CURRENCY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary