0 the value of the money of one country when you change it into the currency of another country -- tỷ giá hối đoái
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.
To break the dollar's fall, the government decide to fix the exchange rate.
In trade, the uncertainty created by high domestic inflation is compounded by the destabilising effect on the real exchange rate.
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匯率, 兌換率…
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汇率, 兑换率…
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tipo de cambio, tipo de cambio [masculine]…
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両替率, 為替レート…
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döviz kuru…
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taux [masculine] de change, taux de change…
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tipus de canvi…
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