What is the difference between fixed and floating exchange rates?

Related questions

1. How do you work out an exchange rate?
2. How do you convert pounds to dollars manually?
3. How is fixed exchange rate determined?
4. How exchange rate is determined?
5. Are electronics cheaper in Japan?
6. What is implied price?

Tags

1. #determined
2. #corrected
3. #supply
4. #wholly
5. #market
6. #unlike
7. #private
8. #correcting
9. #termed
10. #fixed
11. #exchange
12. #through
13. #demand
14. #automatically
15. #floating
16. #reality
17. #often
18. #currency
19. #differences