Consider the following statements:

1. Under the fixed exchange rate regime, the government or the central bank has complete intervention in determining the currency’s exchange rate.

2. Under the floating exchange rate regime, the market forces determine the value of the domestic currency on the basis of the forces of demand and supply of the domestic currency.

3. In Managed floating exchange rate, the exchange rate of domestic currency is not allowed to move freely based on the market forces of demand and supply.

Which of the statements given above are correct?