managed E.R

• what's a hybrid E.R system?

  mixture of floating and fixed
• what's a semi- fixed E.R system?

  E.R only allowed to fluctuate within a set band of E.R
• what's a pegged E.R?

  value of the currency pegged to another currency/ group of currencies
• example of pegged e.r?

  Chinese yuan against the US dollar. It was fixed at ¥8.28 to $1 from 1994 to 2005
• can a pegged E.R be moved?

  can be moved periodically or as the govt sees it
• Managed floating?

  value of currency is determined by demand and supply but the Central Bank tries to prevent large changes in the exchange rate.
• example of managed float?

  Brazilian Real, Swiss Franc and the Japanese Yen​.