fixed par of exchange

简明释义

固定外汇平价

英英释义

例句

1.Investors are concerned about the implications of a fixed par of exchange 固定汇率 on future inflation rates.

投资者担心fixed par of exchange 固定汇率 对未来通货膨胀率的影响。

2.In the context of international trade, countries often establish a fixed par of exchange 固定汇率 to stabilize their economies.

在国际贸易中，各国通常设定一个fixed par of exchange 固定汇率 来稳定其经济。

3.A fixed par of exchange 固定汇率 can help reduce currency risk for businesses operating internationally.

对于在国际上运营的企业来说，fixed par of exchange 固定汇率 可以帮助降低货币风险。

4.Many developing countries rely on a fixed par of exchange 固定汇率 to attract foreign investment.

许多发展中国家依赖于fixed par of exchange 固定汇率 来吸引外国投资。

5.The central bank announced a new fixed par of exchange 固定汇率 for its currency against the dollar.

中央银行宣布了其货币对美元的新fixed par of exchange 固定汇率。

作文

In the world of international finance, understanding currency exchange rates is crucial for businesses and investors alike. One important concept in this domain is the fixed par of exchange, which refers to a system where the value of a currency is tied to another currency or a basket of currencies at a specific rate. This arrangement provides stability and predictability in transactions across borders. When countries adopt a fixed par of exchange, they commit to maintaining their currency's value relative to the established standard, often to promote trade and investment. The advantages of a fixed par of exchange are manifold. For one, it reduces the uncertainty that can arise from fluctuating exchange rates. Businesses engaged in international trade benefit greatly, as they can forecast costs and revenues with greater accuracy. For example, if a company in the United States exports goods to Europe, knowing that the euro will maintain a fixed value against the dollar allows for better financial planning. However, maintaining a fixed par of exchange also comes with challenges. Governments must intervene in the foreign exchange market to uphold the pegged rate, which can deplete foreign reserves if not managed carefully. If a country’s economic fundamentals weaken, it may struggle to maintain the fixed par of exchange, leading to potential devaluation or even a crisis. The experience of countries like Argentina in the late 1990s illustrates the pitfalls of a rigid exchange rate system. Moreover, the fixed par of exchange can limit a country’s monetary policy flexibility. Central banks may find it difficult to respond to domestic economic conditions if they are focused on maintaining the exchange rate. For instance, during periods of inflation, a central bank might prefer to raise interest rates to cool off the economy, but doing so could jeopardize the fixed exchange rate. Despite these challenges, some countries continue to favor a fixed par of exchange due to the perceived stability it offers. Nations like Hong Kong have successfully maintained a peg to the US dollar for decades, demonstrating that with sound economic management, a fixed exchange rate can be sustainable. In conclusion, the concept of a fixed par of exchange plays a significant role in global finance, influencing trade, investment, and economic policy. While it offers benefits such as reduced uncertainty and increased predictability, it also presents challenges that require careful management. As economies evolve and the global landscape changes, the debate over the merits of fixed versus flexible exchange rates will likely continue, shaping the future of international finance.

在国际金融的世界中，理解货币汇率对企业和投资者来说至关重要。在这个领域中，一个重要的概念是固定汇率平价，它指的是一种将货币的价值与另一种货币或一篮子货币在特定汇率下挂钩的系统。这种安排为跨境交易提供了稳定性和可预测性。当国家采用固定汇率平价时，它们承诺保持其货币相对于既定标准的价值，通常是为了促进贸易和投资。固定汇率平价的优势是多方面的。首先，它减少了因汇率波动而可能产生的不确定性。参与国际贸易的企业受益匪浅，因为他们可以更准确地预测成本和收入。例如，如果一家美国公司向欧洲出口商品，知道欧元将保持固定价值相对于美元，可以更好地进行财务规划。然而，维持固定汇率平价也面临挑战。政府必须干预外汇市场以维持固定汇率，如果管理不当，可能会耗尽外汇储备。如果一个国家的经济基本面恶化，它可能会难以维持固定汇率平价，导致潜在贬值甚至危机。阿根廷在1990年代末的经历说明了这种僵化汇率制度的陷阱。此外，固定汇率平价可能限制一个国家的货币政策灵活性。如果中央银行专注于维持汇率，可能会发现难以应对国内经济条件。例如，在通货膨胀期间，中央银行可能希望提高利率以冷却经济，但这样做可能会危及固定汇率。尽管面临这些挑战，一些国家仍然倾向于选择固定汇率平价，因为它带来的稳定感。像香港这样的国家已经成功地将其货币与美元挂钩数十年，证明在良好的经济管理下，固定汇率是可以持续的。总之，固定汇率平价的概念在全球金融中发挥着重要作用，影响着贸易、投资和经济政策。虽然它提供了减少不确定性和增加可预测性的好处，但也带来了需要谨慎管理的挑战。随着经济的发展和全球格局的变化，对于固定汇率与浮动汇率优劣的辩论可能会继续，塑造国际金融的未来。