overvalued currency

简明释义

高估通货

英英释义

例句

1.A strong demand for a country's goods can lead to an overvalued currency 被高估的货币 if not managed properly.

如果管理不当，对一个国家商品的强劲需求可能导致被高估的货币 overvalued currency。

2.Many economists believe that the euro is an overvalued currency 被高估的货币, making European exports less competitive.

许多经济学家认为，欧元是一种被高估的货币 overvalued currency，这使得欧洲的出口竞争力下降。

3.Tourists often complain about the high prices due to the overvalued currency 被高估的货币 in popular travel destinations.

游客常常抱怨由于热门旅行目的地的被高估的货币 overvalued currency而导致的高价格。

4.Investors are wary of countries with an overvalued currency 被高估的货币 as it may lead to economic instability.

投资者对拥有被高估的货币 overvalued currency的国家持谨慎态度，因为这可能导致经济不稳定。

5.The government intervened in the foreign exchange market to address the issue of the overvalued currency 被高估的货币.

政府在外汇市场进行了干预，以解决被高估的货币 overvalued currency的问题。

作文

In today's global economy, the concept of an overvalued currency is crucial for understanding international trade and finance. An overvalued currency refers to a situation where a country's currency value is higher than its fundamental economic indicators suggest it should be. This can occur due to various factors, including speculation, government intervention, or economic policies that artificially inflate the currency's value. When a currency is overvalued, it can lead to several economic consequences. For instance, exports from the country become more expensive for foreign buyers, which can negatively impact domestic manufacturers and lead to a trade deficit. Conversely, imports become cheaper, encouraging consumers to purchase foreign goods instead of domestically produced items. This shift can harm local businesses and lead to job losses in sectors reliant on export revenue.One prominent example of an overvalued currency is the case of the Japanese yen in the late 1980s. During this period, the yen appreciated significantly against the US dollar, largely due to speculative trading and Japan's strong economic performance. However, the high value of the yen made Japanese exports less competitive in the global market, ultimately contributing to an economic downturn in the 1990s known as the "Lost Decade." Another example is the Chinese yuan, which has been criticized for being overvalued in relation to its economic fundamentals. Despite the Chinese government's efforts to allow the yuan to appreciate gradually, many economists argue that the currency is still artificially high, leading to trade tensions with countries like the United States. Such situations highlight the complexities surrounding currency valuation and the potential repercussions on international relations and economic stability.Understanding the implications of an overvalued currency is essential for policymakers. Governments may implement measures to correct an overvaluation, such as adjusting interest rates or engaging in currency market interventions. However, these actions can have unintended consequences, including inflation or further economic distortions. Therefore, it is critical for policymakers to carefully consider their strategies when addressing issues related to currency valuation.In conclusion, an overvalued currency can pose significant challenges for a country's economy, affecting trade balances, local industries, and employment rates. As the global economy continues to evolve, understanding the dynamics of currency valuation will remain a vital aspect of economic policy and international relations. Countries must navigate the delicate balance between maintaining competitive exchange rates and fostering sustainable economic growth, ensuring that their currencies reflect true economic conditions rather than speculative forces. Only by addressing these issues can nations hope to achieve long-term economic stability and prosperity.

在当今全球经济中，‘高估货币’的概念对于理解国际贸易和金融至关重要。‘高估货币’指的是一个国家的货币价值高于其基本经济指标所暗示的水平。这种情况可能由于多种因素引起，包括投机、政府干预或人为抬高货币价值的经济政策。当货币被‘高估’时，会导致若干经济后果。例如，该国的出口对外国买家变得更加昂贵，这可能会对国内制造商产生负面影响，并导致贸易逆差。相反，进口变得便宜，鼓励消费者购买外国商品，而不是本国生产的商品。这种转变可能会损害当地企业，并导致依赖出口收入的行业失去就业机会。一个突出的例子是1980年代末期日本日元的情况。在这一时期，由于投机交易和日本强劲的经济表现，日元对美元的汇率显著上升。然而，日元的高价值使日本的出口在全球市场上竞争力下降，最终导致了1990年代的经济衰退，被称为“失落的十年”。另一个例子是中国人民币，因其被批评为与经济基本面相比被‘高估’。尽管中国政府努力逐步让人民币升值，但许多经济学家认为，该货币仍然被人为抬高，这导致了与美国等国之间的贸易紧张局势。这些情况凸显了货币估值周围的复杂性及其对国际关系和经济稳定的潜在影响。理解‘高估货币’的影响对于政策制定者至关重要。政府可能会采取措施来纠正高估现象，例如调整利率或参与外汇市场干预。然而，这些行动可能会产生意想不到的后果，包括通货膨胀或进一步的经济扭曲。因此，政策制定者在解决与货币估值相关的问题时，必须仔细考虑他们的策略。总之，‘高估货币’可能对一个国家的经济构成重大挑战，影响贸易平衡、地方产业和就业率。随着全球经济的不断发展，理解货币估值的动态将继续成为经济政策和国际关系的重要方面。各国必须在保持竞争性汇率和促进可持续经济增长之间找到微妙的平衡，确保其货币反映真实的经济状况，而不是投机力量的结果。只有通过解决这些问题，各国才能希望实现长期的经济稳定和繁荣。