Historically, Mozambique’s metical has shown fluctuations against the US dollar, but since early 2021, the currency has settled into a stable range, a phenomenon made even more intriguing given that ...
But because countries no longer are obligated to peg their exchange rates in a system overseen by the IMF, they need a sound basis for selecting the regime best suited to their needs—be it fixed, ...
Instead of depleting foreign reserves, the government diverts the heavy demand for foreign currency to the free-floating exchange rate market. Changes in the free-floating rate will reflect demand ...
In exchange, Amundi US(which operates under ... in turning performance around on this strategy. In 2022, Victory Floating Rate ranked at the very bottom of its distinct peer group; its 6.8% ...
Argentina’s president previously said he and his economic team hadn’t decided whether to fix the exchange rate between the peso and the US dollar or move toward a free-floating currency.
Norman Boucher and Robert Salvin, comanagers on Putnam Floating Rate Income since 2008, stepped away from their management responsibilities on this strategy on Sept. 30, 2024, while three managers ...