pegged exchange rate; pegged rate

简明释义

钉住汇率

英英释义

例句

1.The government announced a shift from a pegged exchange rate 固定汇率 to a floating system.

政府宣布从pegged exchange rate 固定汇率转向浮动汇率制度。

2.The country decided to maintain a pegged exchange rate 固定汇率 to stabilize its economy.

该国决定维持一个pegged exchange rate 固定汇率以稳定其经济。

3.Countries with a pegged rate 固定汇率 may face challenges during economic crises.

拥有pegged rate 固定汇率的国家在经济危机期间可能面临挑战。

4.A pegged exchange rate 固定汇率 can help a country control inflation.

一个pegged exchange rate 固定汇率可以帮助一个国家控制通货膨胀。

5.Investors often prefer currencies with a pegged rate 固定汇率 because of reduced volatility.

投资者通常更喜欢具有pegged rate 固定汇率的货币，因为波动性较小。

作文

The concept of a pegged exchange rate refers to a currency system where a country's currency value is tied or fixed to another major currency, such as the US dollar or gold. This system is designed to provide stability in international prices and reduce the risks associated with currency fluctuations. Countries adopt a pegged exchange rate for various reasons, including promoting trade, attracting foreign investment, and maintaining economic stability. For instance, if a country has a pegged rate, it can help its exporters by ensuring that their products remain competitively priced in the global market. Conversely, a floating exchange rate could lead to significant price volatility, which might deter potential investors. One of the most notable examples of a pegged exchange rate is Hong Kong's currency system. The Hong Kong dollar is pegged to the US dollar at a rate of approximately 7.8 HKD to 1 USD. This arrangement has provided a stable environment for businesses and investors, allowing them to make decisions without the fear of sudden currency depreciation. However, maintaining a pegged rate requires the central bank to hold large reserves of the foreign currency to defend the peg. If the local currency comes under pressure, the central bank must sell its foreign reserves to maintain the fixed exchange rate. Despite its advantages, a pegged exchange rate can also pose challenges. For example, if the economy experiences inflation, the central bank may struggle to adjust the peg without causing further economic distortions. Additionally, if the pegged currency becomes overvalued, it can lead to trade imbalances, as exports become more expensive and imports cheaper. In such scenarios, countries may find themselves facing mounting pressure to devalue their currency or abandon the peg altogether. A historical example includes the collapse of the Argentine peso in the early 2000s, which was previously pegged to the US dollar. The rigid exchange rate system contributed to severe economic problems, ultimately leading to a painful devaluation. In conclusion, while a pegged exchange rate can offer stability and predictability in a volatile global economy, it is essential for policymakers to carefully consider the implications of such a system. Balancing the benefits of reduced currency risk against the potential drawbacks of economic rigidity is crucial. Countries must remain vigilant and flexible, ready to adapt their monetary policies as global economic conditions evolve. Ultimately, understanding the dynamics of a pegged rate is vital for economists and business leaders alike, as it affects trade, investment, and overall economic health.

“pegged exchange rate” 的概念是指一种货币体系，其中一个国家的货币价值与另一种主要货币（如美元或黄金）挂钩或固定。这种体系旨在提供国际价格的稳定性，并减少与货币波动相关的风险。各国采用 pegged exchange rate 的原因多种多样，包括促进贸易、吸引外资和维护经济稳定。例如，如果一个国家有 pegged rate，它可以通过确保其出口产品在全球市场上保持具有竞争力的价格来帮助其出口商。相反，浮动汇率可能导致显著的价格波动，这可能会阻碍潜在投资者。 一个最显著的 pegged exchange rate 的例子是香港的货币体系。港元与美元的汇率约为7.8港元兑1美元。这一安排为企业和投资者提供了稳定的环境，使他们能够在没有突然货币贬值恐惧的情况下做出决策。然而，维持 pegged rate 需要中央银行持有大量外汇储备以捍卫这一固定汇率。如果本国货币受到压力，中央银行必须出售其外汇储备以维持固定汇率。 尽管有其优势，pegged exchange rate 也可能带来挑战。例如，如果经济经历通货膨胀，中央银行可能会发现难以调整汇率，而不造成进一步的经济扭曲。此外，如果挂钩的货币被高估，可能会导致贸易失衡，因为出口变得更昂贵而进口变得更便宜。在这种情况下，各国可能会面临越来越大的压力，要求贬值其货币或完全放弃固定汇率。历史上的一个例子是阿根廷比索在2000年代初的崩溃，该比索曾与美元挂钩。严格的汇率制度导致严重的经济问题，最终导致痛苦的贬值。 总之，虽然 pegged exchange rate 可以在波动的全球经济中提供稳定性和可预测性，但政策制定者必须仔细考虑这种体系的影响。平衡降低货币风险的好处与经济僵化的潜在缺点至关重要。各国必须保持警惕和灵活，准备根据全球经济状况的发展调整其货币政策。最终，理解 pegged rate 的动态对于经济学家和商业领袖来说至关重要，因为这会影响贸易、投资和整体经济健康。