not fixed nounUsagefloating of a companythe act of starting a new company by selling shares in it on the Stock ExchangeUsagethe floating of the poundletting the pound find its own exchange rate on the international marketadjectivenot fixed Examplesfloating exchange rates • the floating pound"...in a world of floating exchange rates the dollar is strong because of capital inflows rather than weak because of the nation's trade deficit" [Duns Business Month]