https://padlet.com/ichew/bbb4mb_floating What do you think FLOATING currency means? en-us 2016-11-27 09:36:28 UTC 2026-01-19 16:48:00 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Dartstarget.png https://padlet.com/ichew/bbb4mb_floating/wish/140009647 2016-11-27 10:47:22 UTC https://padlet.com/ichew/bbb4mb_floating/wish/140009647 https://padlet.com/ichew/bbb4mb_floating/wish/140009649 Currency floatation means that the government is no longer controlling the value of the Egyptian pound compared to other currencies. Egypt has floated its currency in a move that has reduced its value by almost 50% against the dollar. ]]> 2016-11-27 10:47:27 UTC https://padlet.com/ichew/bbb4mb_floating/wish/140009649 https://padlet.com/ichew/bbb4mb_floating/wish/140009702 A currency flotation is the rate at which one currency can be exchanged for another. Also, it is the value of another country's currency compared to that of your own. If you are traveling to Egypt, for example, and the exchange rate for U.S. dollars is 1:5.5 Egyptian pounds, this means that for every U.S. dollar, you can buy five and a half Egyptian pounds. 


]]> 2016-11-27 10:48:39 UTC https://padlet.com/ichew/bbb4mb_floating/wish/140009702 https://padlet.com/ichew/bbb4mb_floating/wish/140009740 A currency exchange represents the rate of two currencies. Floating a currency would be making the Egyptian Pound worth nothing. For example, the Black market in Egypt (16LE) starts selling the dollar with the same rate of the banks (12LE). They also tell people that has dollars, considering them to give them there dollars as they can't sell it anymore with the black market price. So people start giving there dollars to the banks, and now banks has dollars that they could sell to people and it becomes to the normal rate again. ]]> 2016-11-27 10:49:18 UTC https://padlet.com/ichew/bbb4mb_floating/wish/140009740 https://padlet.com/ichew/bbb4mb_floating/wish/140009780 The floating of the currency, is to leave it there without choosing a price, then check to see the supply and demand on the currency and then set the price, for example if a lot of people are buying it they increase the price but if not that many people are buying it they put the price down just like the us dollar in the black market.]]> 2016-11-27 10:50:13 UTC https://padlet.com/ichew/bbb4mb_floating/wish/140009780 feadboys https://padlet.com/ichew/bbb4mb_floating/wish/140009827 Floating currency means the currency is uncontrolled by the government and is set by the Foreign exchange market depending on the supply and demand.

]]> 2016-11-27 10:51:10 UTC https://padlet.com/ichew/bbb4mb_floating/wish/140009827 https://padlet.com/ichew/bbb4mb_floating/wish/140010060 the floating means not having a constant price of a currency for a limited time and depend on supply and demand, and on the long term it stabilizes automatically,in addition to that the idea of floating means trying to establish a new financial level, with no ]]> 2016-11-27 10:56:14 UTC https://padlet.com/ichew/bbb4mb_floating/wish/140010060 MariamAbdallah https://padlet.com/ichew/bbb4mb_floating/wish/140010133 A currency floatation is when the government don't have control over the value of your currency and the value of the currency goes up and down based on supply and demand. mainly the government do this to collect all of the dollars in the black market and then the government will sell it again in the market with its regular price]]> 2016-11-27 10:57:34 UTC https://padlet.com/ichew/bbb4mb_floating/wish/140010133