fixed exchange rate

简明释义

规定的汇率

英英释义

例句

1.The central bank intervenes in the foreign exchange market to maintain a fixed exchange rate 固定汇率.

中央银行在外汇市场进行干预以维持固定汇率 固定汇率。

2.A fixed exchange rate 固定汇率 can help reduce inflation by providing a stable currency value.

通过提供稳定的货币价值，固定汇率 固定汇率可以帮助降低通货膨胀。

3.Countries with a fixed exchange rate 固定汇率 may face challenges in maintaining that rate during economic crises.

在经济危机期间，拥有固定汇率 固定汇率的国家可能面临维持该汇率的挑战。

4.Many countries choose to adopt a fixed exchange rate 固定汇率 system to stabilize their economies.

许多国家选择采用固定汇率 固定汇率制度来稳定经济。

5.Under a fixed exchange rate 固定汇率, the government sets the price of its currency relative to another currency.

在固定汇率 固定汇率下，政府设定其货币相对于另一种货币的价格。

作文

In the world of economics, the concept of a fixed exchange rate plays a crucial role in international trade and finance. A fixed exchange rate refers to a currency system where a country's currency value is tied or pegged to another major currency, such as the US dollar or gold. This arrangement provides stability and predictability in foreign exchange transactions, which can be particularly beneficial for countries that rely heavily on exports or imports. One of the main advantages of a fixed exchange rate is that it minimizes the risks associated with currency fluctuations. For businesses engaged in international trade, knowing that their costs and revenues will not change due to sudden shifts in exchange rates allows for better financial planning and risk management. For instance, if a company in Japan exports electronics to the United States, a fixed exchange rate ensures that the price of these goods remains stable regardless of market volatility. This stability can encourage more trade and investment between countries, fostering economic growth.However, maintaining a fixed exchange rate can also present challenges. Governments must intervene in the foreign exchange market to uphold the pegged rate, often by buying or selling their own currency. This intervention can deplete a country’s foreign reserves if there is significant pressure to change the exchange rate. For example, if a country’s currency is under pressure to appreciate, the government may need to sell off its foreign reserves to maintain the fixed exchange rate, which can lead to long-term economic issues if not managed properly.Another challenge is that a fixed exchange rate can limit a country's monetary policy flexibility. When a currency is pegged to another, the central bank may have to prioritize maintaining the exchange rate over controlling inflation or unemployment. This can lead to situations where domestic economic conditions are not adequately addressed because the focus is on keeping the currency stable. For example, if a country is experiencing high inflation, the central bank might be unable to raise interest rates to combat this issue without risking the stability of the fixed exchange rate.Moreover, global economic conditions can impact a fixed exchange rate system. Changes in the economic landscape, such as a recession in the country to which the currency is pegged, can affect the pegging country’s economy as well. This interconnectedness means that countries with fixed exchange rates must remain vigilant about external economic developments.In conclusion, while a fixed exchange rate can provide stability and predictability in international trade, it also comes with significant challenges. Countries must carefully weigh the benefits against the potential drawbacks when deciding whether to adopt a fixed exchange rate system. Ultimately, the effectiveness of such a system depends on sound economic management and the ability to respond to both domestic and international economic changes.

在经济学的世界中，固定汇率的概念在国际贸易和金融中起着至关重要的作用。固定汇率指的是一种货币体系，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。这种安排提供了外汇交易中的稳定性和可预测性，对于依赖出口或进口的国家尤其有利。固定汇率的主要优点之一是它最小化了与货币波动相关的风险。对于参与国际贸易的企业而言，知道他们的成本和收入不会因汇率突然变化而改变，可以更好地进行财务规划和风险管理。例如，如果日本的一家公司向美国出口电子产品，固定汇率确保这些商品的价格保持稳定，无论市场波动如何。这种稳定性可以鼓励国家之间更多的贸易和投资，从而促进经济增长。然而，维持固定汇率也可能带来挑战。政府必须干预外汇市场以维持固定汇率，通常通过买入或卖出自己的货币。这种干预如果压力很大，可能会耗尽一个国家的外汇储备。例如，如果一个国家的货币面临升值压力，政府可能需要出售外汇储备以维持固定汇率，如果管理不当，这可能导致长期的经济问题。另一个挑战是，固定汇率可能限制一个国家的货币政策灵活性。当货币与另一种货币挂钩时，中央银行可能不得不优先考虑维护汇率，而不是控制通货膨胀或失业。这可能导致国内经济状况未能得到充分解决，因为关注点在于保持货币的稳定。例如，如果一个国家经历高通胀，中央银行可能无法提高利率来应对这一问题，而不冒着危及固定汇率稳定性的风险。此外，全球经济条件也会影响固定汇率体系。经济形势的变化，例如与其挂钩的国家的经济衰退，可能会影响到挂钩国的经济。这种相互关联意味着拥有固定汇率的国家必须对外部经济发展保持警惕。总之，虽然固定汇率可以在国际贸易中提供稳定性和可预测性，但它也带来了重大挑战。各国在决定是否采用固定汇率制度时，必须仔细权衡利弊。最终，这种制度的有效性取决于健全的经济管理以及应对国内外经济变化的能力。