What is a Hybrid Exchange Rate? What are the different Systems?

-Hybrid Exchange Rate is a Mixture of Fixed and Floating -Managed Floating is where the Exchange is Largely left to Market Forces, but the Government sometimes will Intervene to Influence the Exchange Rate when Needed -Semi-Fixed is where the Exchange Rate can Fluctuate within a Set Band of Exchange Rates -Pegged is where the Value of the Currency is Attached to another Currency. Can be moved Periodically or however the Government think its right