The value of one currency compared to another for the purpose of exchange is determined by either a “ fixed ” or a “ floating ” rate 一种货币对另一货币的转换价值取决于固定汇率或浮动汇率。
A problem that disputes over a long period of time in the economics be : does fix rate of exchange surpass floating rate of exchange 经济学中长期争论的一个问题是：固定汇率是否优于浮动汇率？
The main argument against devaluations is that they defeat the purpose of adopting a fixed exchange regime in the first place 反对贬值的主要观点是他们使首先采用固定汇率制度的目的受到减损。
The distortions caused by today ' s rigid exchange - rate regime may themselves be the biggest threat to chinese financial stability 由固定汇率体系引起的扭曲本身可能就是中国金融稳定的最大的威胁。
These “ tiger ” economies had grown fast but had maintained fixed exchange rates , which encouraged external borrowing 这些亚洲“小虎”经济曾快速增长，但都维持着固定汇率制度，从而鼓励了外部借贷行为。
This week it dipped below eight yuan for the first time since china abandoned its fixed rate of 8 . 28 to the dollar last july 这周美元对人民币一度下跌到了8以下，这是中国宣布放弃8 . 28的固定汇率以来第一次。
6 . the sub - committee considered a paper on the relationship between monetary and financial stability under a fixed exchange rate regime 6 .委员会研究了一份有关固定汇率架构下货币及金融稳定的相互关系的文件。
With effect from 1 april 1999 , the issue and withdrawal of coins would also be conducted against us at a fixed rate of 7 . 80 另外，由1999年4月1日起，发行和回收硬币亦会按1美元兑7 . 80港元的固定汇率以美元结算。
