The history of world exchange rate systems shows us that the world community (in its majority) has in fact shifted from the system of fixed exchange rates to floating exchange rate system.

世界汇率制度的历史告诉我们，世界各地的社区(在多数)事实上已经从固定汇率制转向浮动汇率制度。

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Article 32 a unitary and well-managed floating exchange rate system based on market supply and demand will be implemented for the exchange rates of Renminbi.

第三十二条人民币汇率实行以市场供求为根蒂根基的、单一的、有管理的浮动汇率制度。

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Today the world uses a system of floating exchange rates based on "fiat" or government-created money.

FORBES: Magazine Article

He was one of the first people to predict, correctly, that a system of freely floating exchange rates, unconnected to gold, would work just fine.

FORBES: We're In Milton Friedman's World

All the while, Milton Friedman kept pointing out that these crises would all go away if we went to a system of flexible or floating exchange rates.

FORBES: Currency Manipulation