Exchange rates (Exchange Rate). A comparison between the value of the rate at which one currency (for example, in the local currency) with one unit of the currency as the value of the Thai baht against the u.s. dollar is equal to 40 1 baht, etc. Exchange System doikwang system is the system is 2, then a fixed exchange rate (Fixed Exchange Rate), and a system of floating exchange rates (Exchange Rate Floating).The exchange rate system in a very diverse reality The system can recognize a large 3-pk.1. the system is bound up with the other currency which may be bound up with a single currency, such as the Hong Kong dollar with the dollar. United States or may be bound up with a basket of currencies called the system groups, such as the exchange rate system of Thailand in the past.2. flexible system co., Ltd. This system is similar to the exchange rate peg system, but may be moving in a wide range of more than. An example of this system are: a country in the European Exchange Rate Mechanism to participate in the system (ERM), etc.3. the system is highly flexible exchange rate system based on the supply and demand of foreign currencies. Where the value of money, there will be more volatility in the first two systems.Under the system, a flexible exchange rate this high. The system can be divided into 2 is.(1) a floating under the management system (Managed or Dirty Float) which is a system that many countries, including the countries of Thailand today. Using.(2) the free float system (Independent or Free Float) is a system of floating currencies that market-based mechanisms for most. The Central Bank might have intervened in the market to point the direction, but not so against the movement of the exchange rate in the market.
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