# Establishment of foreign exchange rates

> This section explains how exchange rates are determined: the three exchange rate systems (free floating, managed floating and fixed), revaluation and devaluation as official changes, and the terms…

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## More in The foreign exchange market and the balance of payments accounts

- [Foreign exchange markets](https://www.hlayiso.com/grade-12/economics/notes/the-foreign-exchange-market-and-the-balance-of-payments-accounts/foreign-exchange-markets) — Previous section
- [Corrections of the balance of payments](https://www.hlayiso.com/grade-12/economics/notes/the-foreign-exchange-market-and-the-balance-of-payments-accounts/corrections-of-the-balance-of-payments) — Next section
- [All The foreign exchange market and the balance of payments accounts sections](https://www.hlayiso.com/grade-12/economics/notes/the-foreign-exchange-market-and-the-balance-of-payments-accounts)

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