A dealer on a stock exchange, currency market, or commodity market who expects prices to fall, often selling securities without owning them in anticipation of repurchasing them at a lower price.
The floating currency exchange rate, also known as a flexible exchange rate, is the movement of a foreign currency exchange rate in response to changes in market forces of supply and demand. The value of a country's currency is determined by market conditions rather than by any direct intervention by the central or national government.
An offshore exchange rate is the market price of a regulated currency outside the legal jurisdiction of the regulating government. It operates similarly to a legal black market rate.
