effective exchange rate

简明释义

有效外汇汇率

英英释义

例句

1.The central bank adjusted interest rates to influence the effective exchange rate 有效汇率 and curb inflation.

中央银行调整利率以影响有效汇率 有效汇率并抑制通货膨胀。

2.A strong effective exchange rate 有效汇率 can make exports more expensive and imports cheaper.

强劲的有效汇率 有效汇率可能会使出口变得更昂贵，而进口则更便宜。

3.Investors are closely monitoring changes in the effective exchange rate 有效汇率 to make informed decisions.

投资者密切关注有效汇率 有效汇率的变化，以做出明智的决策。

4.The government announced a new policy to stabilize the effective exchange rate 有效汇率 against major currencies.

政府宣布了一项新政策，以稳定主要货币的有效汇率 有效汇率。

5.Analysts predict that fluctuations in the effective exchange rate 有效汇率 will impact trade balances significantly.

分析师预测，有效汇率 有效汇率的波动将显著影响贸易平衡。

作文

The concept of the effective exchange rate is crucial for understanding the dynamics of international trade and finance. An effective exchange rate is a measure that reflects the value of a country's currency relative to a basket of other currencies, adjusted for the relative importance of those currencies in trade. This means that rather than looking at the exchange rate between just two currencies, the effective exchange rate provides a broader perspective by considering multiple currencies simultaneously.For example, if a country has strong trade relationships with several nations, fluctuations in the currencies of those countries will impact its economic standing. The effective exchange rate helps policymakers and economists assess whether a currency is overvalued or undervalued compared to its trading partners. This assessment can influence decisions regarding monetary policy, trade agreements, and foreign investment strategies.One of the primary advantages of using the effective exchange rate is that it accounts for the weight of each currency based on trade volume. This weighted average allows for a more accurate reflection of a country's economic position. For instance, if a country exports most of its goods to a particular nation, the currency of that nation will have a greater impact on the effective exchange rate than the currency of a country with which it trades less frequently.Moreover, the effective exchange rate can be categorized into nominal and real rates. The nominal effective exchange rate does not account for inflation, while the real effective exchange rate adjusts for price level changes between countries. This distinction is vital for understanding the true purchasing power of a currency in the global market. A rising real effective exchange rate may indicate that a country's goods are becoming more expensive compared to those of its trading partners, potentially leading to a decrease in export competitiveness.In times of economic uncertainty, such as during a global recession or financial crisis, the effective exchange rate becomes even more significant. It can serve as an indicator of a country’s economic health and its ability to compete internationally. Policymakers may use changes in the effective exchange rate to adjust their economic strategies, aiming to stabilize their currency and promote growth.Investors also pay close attention to the effective exchange rate as it affects foreign direct investment (FDI) decisions. A stable and competitive effective exchange rate can attract investors looking for favorable conditions to establish operations in a foreign country. Conversely, a volatile or unfavorable effective exchange rate may deter investment, as it introduces additional risks.In conclusion, the effective exchange rate is a vital tool for analyzing a country's economic performance in the global market. By providing a comprehensive view of currency values against a basket of currencies, it helps policymakers, economists, and investors make informed decisions. Understanding the effective exchange rate and its implications is essential for navigating the complexities of international trade and finance, especially in an increasingly interconnected world.

有效汇率的概念对于理解国际贸易和金融的动态至关重要。有效汇率是一个衡量国家货币相对于一篮子其他货币的价值的指标，并根据这些货币在贸易中的相对重要性进行调整。这意味着，与仅仅关注两种货币之间的汇率不同，有效汇率通过同时考虑多种货币提供了更广泛的视角。例如，如果一个国家与多个国家有强大的贸易关系，那么这些国家货币的波动将影响其经济地位。有效汇率帮助政策制定者和经济学家评估一种货币是否被高估或低估，相对于其贸易伙伴的情况。这种评估可以影响货币政策、贸易协议和外国投资策略的决策。使用有效汇率的主要优点之一是它根据贸易量考虑每种货币的权重。这种加权平均数允许更准确地反映一个国家的经济状况。例如，如果一个国家大部分商品出口到特定国家，那么该国的货币在有效汇率中的影响将大于与其贸易频率较低的国家的货币。此外，有效汇率可以分为名义汇率和实际汇率。名义有效汇率不考虑通货膨胀，而实际有效汇率则针对国家间的价格水平变化进行调整。这一区别对于理解一种货币在全球市场上的真实购买力至关重要。实际有效汇率上升可能表明一个国家的商品相对于其贸易伙伴变得更加昂贵，这可能导致出口竞争力下降。在经济不确定时期，例如全球衰退或金融危机期间，有效汇率变得更加重要。它可以作为一个国家经济健康状况及其国际竞争能力的指标。政策制定者可能会利用有效汇率的变化来调整其经济战略，旨在稳定货币并促进增长。投资者也非常关注有效汇率，因为它影响外国直接投资（FDI）决策。稳定且具有竞争力的有效汇率可以吸引寻找有利条件在外国建立业务的投资者。相反，波动或不利的有效汇率可能会阻碍投资，因为它带来了额外的风险。总之，有效汇率是分析一个国家在全球市场经济表现的重要工具。通过提供相对于一篮子货币的全面货币价值视图，它帮助政策制定者、经济学家和投资者做出明智的决策。理解有效汇率及其影响对于在日益相互联系的世界中驾驭国际贸易和金融的复杂性至关重要。