What determines the value of the exchange rate and its change under a flexible exchange rate system according to the monetary approach How does a managed floating exchange rate system compare with a flexible and fixed exchange rate system from the point of view of the monetary approach ...

If dollar is the domestic currency and the is the foreign currency men the exchange rate between the ...

What determines the value of the exchange rate and its change under a flexible exchange rate system

Question:

What determines the value of the and its change under a flexible system according to the monetary approach? How does a managed floating system compare with a flexible and fixed system from the point of view of the monetary approach?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...