Managed exchange rate system

… As already mentioned, exchange rates are determined by the supply and demand relationship in the foreign exchange market, but the way in which these forces of demand and supply manifest themselves varies depending on the exchange rate system adopted by a country. These exchange rate systems can be broadly divided into three types: the freely floating exchange rate system (floating exchange rate system), the gold standard system, and the managed exchange rate system. (1) The floating exchange rate system is the current system in which the determination of exchange rates is left entirely to market forces, and an adjustment mechanism is put into place whereby if the demand for foreign exchange exceeds the supply, the price of foreign exchange rises, and if it falls, the price falls, and the exchange rate is determined at the point where demand and supply are in equilibrium. …

*Some of the terminology used to refer to the "managed exchange rate system" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…　すでに述べたように，為替相場は外国為替市場の需要･供給関係によって決定されるが，この需要･供給の力の現れ方は，その国の採用している為替相場制度によって異なる。それらの為替相場制度には，大きく分けて，自由変動為替相場制(変動相場制)，金本位制，管理為替相場制の3種類がある。(1)変動相場制は，現行の制度で，為替相場の決定がまったく市場の力にゆだねられるものであり，外国為替の需要が供給を上まわれば外国為替の価格は上昇し，下まわれば下落するという調整メカニズムが働いて需要と供給が均衡する点で為替相場が決定される。…

※「管理為替相場制」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報