汇率

• Prices are variable according to the exchanges .
  物价跟着汇率变动。
• Find out how the exchange is .
  查明汇率多少。
• With flexible exchange rates, however, the deficit cannot last .
  但是，在变动汇率下，这种逆差不可能持久。
• The rate of foreign exchange, once established, was supposedly fixed .
  这个汇率一旦制定就被认为是固定不变的。
• A long-term equilibrium rate of foreign exchange was sought by all countries .
  所有国家都谋求一个长期稳定的汇率。
• We found that monetary policy was more powerful with flexible exchange rates .
  我们发现，在变动汇率下货币政策更有效。
• Widely fluctuating exchange rates may adversely affect international trade .
  浮动幅度很大的汇率可能会对国际贸易产生有害的影响。
• Some people do not want to have to gamble on what exchange rates will hold in the future .
  有些人不愿对未来汇率的变动进行投机。
• Exchange-rate flexibility means that the demand for foreign exchange matches its supply .
  汇率变动意味着外汇需求与其供给相适应。
• How fiscal policy works with flexible exchange rates is a little more complicated .
  在变动汇率下，财政政策如何发挥作用是比较复杂的。