Translation of "Managed float" in German

China may resume a “managed float” of its exchange rate, particularly if the uncertainty of the overall post-crisis economic situation diminishes.

The CBE allowed the exchange rate, which is formally defined as a “managed float,” to depreciate by only 3%.

The mid-March widening of the daily renminbi-dollar trading bands to plus or minus 2% (from the earlier 1% band) is an important step in relaxing control over the so-called managed float.

This follows a cumulative appreciation of 37% since July 21, 2005, when China dropped its dollar peg and shifted its currency regime to a so-called “managed float.”

However, the currency was never truly "free", being more accurately described as a managed or "dirty" float, with frequent central bank interventions to manipulate its dollar price.

The difference in behaviour between LDCs and industrial countries is due to the different needs to pursue an active exchange rate policy (increasing with convertibility, with financial role of a currency, with managed float and the EMS), and to the financial surplus aspect most pronounced for the reserves of the industrialized countries.

The exchange rate regime of Albania is a managed float and in 2004, the lek appreciated by about 6% against the euro despite the easing of domestic interest rates and occasional BoA interventions, reflecting improved external accounts and growing confidence in the currency.

The Czech Republic, Romania, Slo­vakia and Slovenia havefloating exchange rates; the first three of these countries having moved to a managed float after their currencies were forced out of their exchange rate band.

The overall result of the Slovenian managed float is a gradual depreciation of the currency, comparable to the evolution of the Polish zloty.

In 1994, the Dinar was moved from a fixed peg to a managed float.

Faced by these challenges, the authorities chose to adjust, tightening demand management and increasing the rate of depreciation of the Algerian Dinar under the managed float, thus actually managing to achieve a small surplus in the trade balance (US$ 0.06 bn).

In the early stages of the program, the Thai authorities adapted monetary policy to a managed float of the baht; fostered the restructuring of distressed financial institutions, including the closure of 56 bankrupt finance companies; enacted budget cuts to free up resources to help finance the restructuring and to support improvement in the current-account position; deepened the role of the private sector in the Thai economy; and sought to attract foreign capital through other reform measures.

Considering that China is a country that, from 1994 to 2005, had its currency, the yuan, pegged to the US dollar and, since then, only allows a managed float of its currency in relation to a basket of other global currencies, the threat of a global cryptocurrency taking hold in China is obvious, because, to paraphrase US President James A. Garfield, whoever controls the volume of money in any country is absolute master of all industry and commerce .

The type of arrangements adopted by third countries range from currency boards to managed floating policies.

Managing a floating rate has also allowed Latin American countries to accumulate a significant level of international reserves.

In this respect , the ECB welcomed the decision of the Chinese authorities in July 2005 to shift to a new managed floating exchange rate .

While China’s ongoing capital flight is fueling an immediate and substantial decline in demand for US Treasuries, a more sustainable scenario would entail China’s transition to a managed floating exchange-rate regime with a deeper domestic financial market – and less emphasis on maintaining a credible war chest of foreign reserves.

Of course, the Fed’s policy reversal could hurt countries that maintain fixed – or, like China, “managed floating” – exchange rates.

Although ERM II can accommodate different exchange rate regimes , it is not compatible with free floating ( or managed floats without a mutually agreed central rate ) , crawling pegs or pegs against anchors other than the euro .

Incompatibilities with ERM II are the cases of free floating ( or managed floats without a mutually agreed central rate ) , crawling pegs , and pegs against anchors other than the euro .

Since 1994, the HNB implements an exchange rate policy classified as "managed floating", i.e. the HNB aims to soften exchange rate movements of the kuna against the euro, which usually follow a seasonal pattern of appreciation during the summer tourism season and subsequent depreciation.

It concludes that the present system of managed floating exchange rates is likely to continue after the introduction of the euro.

Since January 2000, Ukraine has had a managed floating exchange rate regime, with the National Bank of Ukraine (NBU) intervening occasionally in the markets to moderate daily fluctuations.