fixed parity

简明释义

固定平价

英英释义

例句

1.In this trade agreement, both parties agreed to maintain a fixed parity 固定平价 for the commodities involved.

在这项贸易协议中，双方同意对所涉及商品维持固定平价 固定平价。

2.The central bank announced a new policy to ensure fixed parity 固定平价 against foreign currencies.

中央银行宣布了一项新政策，以确保与外币的固定平价 固定平价。

3.The government implemented a fixed parity 固定平价 system to stabilize the economy during the crisis.

政府实施了固定平价 固定平价制度，以在危机期间稳定经济。

4.The financial report indicated that the exchange rate had reached a fixed parity 固定平价 between the two currencies.

财务报告显示，两种货币之间的汇率已达到固定平价 固定平价。

5.Investors prefer a fixed parity 固定平价 in currency exchange to avoid fluctuations.

投资者更喜欢货币兑换中的固定平价 固定平价以避免波动。

作文

In the world of economics and finance, the concept of fixed parity plays a crucial role in understanding currency exchange rates and international trade. Essentially, fixed parity refers to a situation where the value of one currency is tied or pegged to another currency or a basket of currencies at a predetermined rate. This arrangement is often established by governments or central banks to promote stability in the foreign exchange market and to foster confidence among investors and traders.One of the primary advantages of fixed parity is that it reduces the volatility of exchange rates, which can be a significant concern for businesses engaged in international trade. When currencies are pegged at a fixed rate, companies can plan their pricing strategies and budget more effectively without worrying about sudden fluctuations in currency values. For instance, if a country adopts a fixed parity system with the US dollar, businesses in that country can confidently set prices for their exports and imports, knowing that their costs will remain stable relative to the dollar.Moreover, fixed parity can also help to control inflation. By pegging a currency to a stable and widely accepted currency like the US dollar or the euro, countries can import the credibility of those currencies. This can lead to lower inflation rates, as the pegged currency's value is less likely to fluctuate dramatically. Countries experiencing hyperinflation may find it beneficial to adopt a fixed parity system to restore stability and regain the trust of both domestic and international investors.However, maintaining a fixed parity system is not without its challenges. One major issue is that it requires a country to have sufficient foreign exchange reserves to defend the pegged rate. If the market perceives that a country's currency is overvalued or undervalued, speculators may engage in currency trading that could pressure the central bank to adjust the peg. This can lead to a depletion of foreign reserves and, in extreme cases, force a country to abandon its fixed parity system altogether.Additionally, a fixed parity system can limit a country's monetary policy options. When a currency is pegged, the central bank must prioritize maintaining the fixed exchange rate over other economic objectives, such as controlling inflation or stimulating growth. This can create conflicts between domestic economic needs and the requirements of the fixed exchange rate regime. For example, if a country faces an economic downturn and needs to lower interest rates to stimulate growth, doing so could put pressure on the fixed exchange rate, leading to potential instability.In conclusion, the concept of fixed parity is a double-edged sword in the realm of international finance. While it offers stability and predictability for businesses and can help control inflation, it also poses significant challenges for policymakers who must navigate the complexities of maintaining a fixed exchange rate in a dynamic global economy. As countries continue to grapple with these issues, the debate over the merits and drawbacks of fixed parity will undoubtedly remain a pertinent topic in discussions about monetary policy and international trade.

在经济和金融的世界中，“固定平价”这一概念在理解货币汇率和国际贸易方面起着至关重要的作用。本质上，“固定平价”指的是一种货币的价值与另一种货币或一篮子货币在预定汇率下挂钩或固定的情况。这种安排通常由政府或中央银行建立，以促进外汇市场的稳定，并增强投资者和交易者的信心。“固定平价”的主要优势之一是减少汇率的波动性，这对从事国际贸易的企业来说可能是一个重大问题。当货币以固定汇率挂钩时，企业可以更有效地规划价格策略和预算，而不必担心货币价值的突然波动。例如，如果一个国家与美元采用“固定平价”制度，那么该国的企业可以自信地为其出口和进口设定价格，因为他们知道相对于美元的成本将保持稳定。此外，“固定平价”还可以帮助控制通货膨胀。通过将一种货币与像美元或欧元这样稳定且被广泛接受的货币挂钩，国家可以引入这些货币的信誉。这可能导致较低的通货膨胀率，因为挂钩货币的价值不太可能剧烈波动。经历恶性通货膨胀的国家可能会发现采用“固定平价”制度是恢复经济稳定和重新获得国内外投资者信任的有利选择。然而，维持“固定平价”制度并非没有挑战。一个主要问题是，这要求一个国家拥有足够的外汇储备来捍卫固定汇率。如果市场认为一个国家的货币被高估或低估，投机者可能会进行货币交易，从而给中央银行施加压力，迫使其调整汇率。这可能导致外汇储备的耗尽，在极端情况下，迫使一个国家完全放弃其“固定平价”制度。此外，“固定平价”制度可能限制一个国家的货币政策选择。当一种货币被固定时，中央银行必须优先考虑维持固定汇率，而不是其他经济目标，例如控制通货膨胀或刺激经济增长。这可能在国内经济需求和固定汇率制度的要求之间产生冲突。例如，如果一个国家面临经济衰退，需要降低利率以刺激增长，那么这样做可能会对固定汇率施加压力，从而导致潜在的不稳定。总之，“固定平价”的概念在国际金融领域是一把双刃剑。虽然它为企业提供了稳定性和可预测性，并且可以帮助控制通货膨胀，但它也给政策制定者带来了重大挑战，他们必须应对在动态全球经济中维持固定汇率的复杂性。随着各国继续努力应对这些问题，关于“固定平价”的优缺点的辩论无疑将在货币政策和国际贸易讨论中保持相关性。