managed currency system
An economic system in which a central bank or monetary authority actively intervenes to influence the value of its currency, rather than letting it float freely or pegging it rigidly.
Under a managed currency system, the central bank may conduct foreign exchange interventions.
変動相場制 is a floating exchange rate system where the currency value is determined by the market without direct intervention, while 管理通貨制度 involves active management by authorities.
固定相場制 is a fixed exchange rate system where the currency is pegged to another currency or basket, whereas 管理通貨制度 allows more flexibility and intervention.
Compound of 管理 (management), 通貨 (currency), and 制度 (system). The term is a direct translation of the English 'managed currency system' and is used in economic contexts.