1) Accordingly managed floating was generally adopted when the adjustable peg was abandoned.

2) The present system of managed floating does contain the possibility of direct conflict if official intervention is carried out at cross-purposes.

3) Therefore, managed floating does not have the advantage of making redundant the holding of official reserves.

4) With a managed float system, decisions to intervene to stabilise the currency markets are discretionary.

5) Although today, both fixed and floating rate currencies are used, most exchange is governed by rates set through a "managed float."

6) China abruptly moved to a managed float for the yuan. It was allowed to appreciate by 20% over the next three years before a halt was called during the banking panic of 2008.

7) Managed Float The use of both fixed and floating rate policy to maintain the currency exchange rate of a country.

8) An important feature of the managed float system is the necessity for the central or the monetary authorities to maintain a certain level of foreign exchange reserves.

9) A managed float would provide the PBoC most leeway to conduct independent monetary policy.

10) China abruptly moved to a managed float for the yuan.

11) Discretionary adjustment via the exchange rate is not easy under managed floating.

12) Beijing dropped the yuan's 23-month-old peg to the dollar and reverted to a managed float on June 19,[http:///managed float.html] since which time it has inched up 0.7 percent against the dollar.

13) In July 2005 when China abandoned its peg against the U.S. dollar and moved to a managed float, there was a sharp sell-off in U.S. Treasuries, a reaction that some analysts say could happen again.

14) "It is encouraging that Governor Zhou's statement suggests that the move to a managed float of the renminbi will be resumed once the global recovery firms up, " he added.

15) Some analysts expect China to revalue the yuan over the next three months, perhaps with an initial move before a managed float, where daily movements are restricted.

16) At present, the most viable option is based on a hanging basket for a managed float , the goal is to maintain an effective exchange rate basically stable.

17) Few analysts expect the RMB to rise more than 3 percent this year, in a managed float that officials say will be gradual.