In your own words, contrast floating and fixed currency exchange regimes.

In your own words, contrast floating and fixed currency exchange regimes.

Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Moffett, M. H., Stonehill, A. I., & Eiteman, D. K. (2012). Fundamentals of multinational finance. (IV ed., pp. 98-99). New York: Pearson.