Finally, currency chaos is the safest bet of all, with sharp and unpredictable swings in floating exchange rates around the world.

Whatever the ultimate economic effects of China s first modest step towards floating its currency, one has to admire its strategic brilliance.

The formerly pegged currency was forced into a floating system as investors sold their Korunas faster than the government could buy them.

The floating exchange rate system works surprisingly well, but currency volatility and unpredictability look likely to remain an enduring constant in 2011 and beyond.

But what most characterizes Latin America s experience is that, despite publicly preaching the virtues of a floating rate, the authorities actively intervene in currency markets, this time in different and creative ways. Thus, the exchange rate regime in Latin America today is one of actively managed floating.

Floating point exception

The collapse of Latin America s currency pegs in the financial crises of the 1990 s contributed to a shift in the world s currency paradigm. Coming from different experiences, most countries converged on the adoption of a floating exchange rate, many in the context of inflation targeting.

But the revaluation is likely to be a one time affair and the free floating of the renminbi is probably not real because a stable currency is very much in China s interest.

But what most characterizes Latin America s experience is that, despite publicly preaching the virtues of a floating rate, the authorities actively intervene in currency markets, this time in different and creative ways.

But, even under floating exchange rates, the US retained an advantage given that the dollar remained the key global reserve currency, the US could finance large external deficits at very favorable rates.

Me was a floating head.

Floating market, Colombo, Sri Lanka.

By the lone stars floating ,

Farmers and wholesalers gather in several floating markets in a region that resembles the floating market of Thailand.

With floating exchange rates, it is not.

Turned to dust , floating in the air ,

Turned to dust , floating in the air ,

So that they will become floating dust particles .

So that they will become floating dust particles .

They got little babies in there, floating in there.

Sami's lifeless body was floating in the swimming pool.

But flexibility is not a synonym for pure floating.

A common application is removing oil floating on water.

And floating and fixed exchange rate regimes coexist uneasily, because volatility tends to affect the floating currencies (often the euro, and recently the Latin American currencies).

Even Bachelet s critics agree that Chile s basic macroeconomic policies will not change an independent central bank committed to price stability, a free trade regime with a floating currency, and a fiscal policy that will keep deficits and public debt low.

Shamsheer writes in Somewhereinblog about the floating markets he visited

He's got no body, no man, just a head floating high.

Photographs floating online show us a snowman waving the IS flag

The floating Guava markets are found in Kuryana, Atghor, and Vimruli.

You can find more pictures of this floating guava market here.

The Pechora Sea is blocked by floating ice from November to June.

Floating under Our Eyes , a reward for him who had been rejected !

Floating under Our Eyes , a reward for him who had been rejected !

On wetlands, he mentioned a floating agriculture technique for growing vegetables on floating rafts, called baira, traditionally practiced in southern districts but recently introduced in other wetland areas through environment and development projects.

It might also be a prerequisite for China to deepen its financial markets, particularly the bond market, laying a solid foundation for floating the renminbi s exchange rate and opening China s capital and financial accounts further a precondition for the renminbi s eventual adoption as an international reserve currency.

So, I let my feet out, and I started floating to the top.

But it was soon in tatters, and the world moved to generalized floating.

Indeed when the Flood rose high , We carried you in a floating ark ,

Indeed when the Flood rose high , We carried you in a floating ark ,

For example, while a fully floating currency would create a beneficial combination of discipline and flexibility, it might best be delayed in favor of an adjustable ( crawling ) peg to some anchor currencies. This would buy time to build credibility and, more important, to help keep public debt under control.

Currency Chaos

The dollar (currency code TTD) is the currency of Trinidad and Tobago.

And then the Moon in the center, and it's floating. And this is in France.

So what you re smelling is several hundred molecules floating through the air, hitting your nose.

There is money floating around the system that needs to be redirected to community alternatives.