0 the rate at which the money of one country can be changed for the money of another country -- 匯率；兌換率
The Central Bank intervened in the currency markets today to try to stabilize the exchange rate.
She programmed the computer to calculate the exchange rate in twelve currencies.
These actors therefore prefer a low degree of exchange rate flexibility.
Thus, in this case, the exchange rate must move by more in the short run in order to restore money market equilibrium.
The fundamental exchange rate in each country is taken as exogenous and different.
Investors can hold one of two views as to the evolution of the exchange rate.
The variable is the rate at which individuals following the fundamentalist rule believe the exchange rate will return to its true value.
Such shocks create very little conflict, as both central banks want to depreciate the real exchange rate.
