official rate of exchange

简明释义

法定汇率

英英释义

The official rate of exchange refers to the predetermined value at which one currency can be exchanged for another, set by a country's government or central bank.

官方汇率是指一个国家的政府或中央银行设定的一个货币可以兑换另一种货币的预定价值。

例句

1.The government announced a new official rate of exchange 官方汇率 that will take effect next month.

政府宣布了一个新的official rate of exchange 官方汇率,将于下个月生效。

2.When traveling abroad, it's important to check the official rate of exchange 官方汇率 before converting your money.

在出国旅行时,查看转换货币之前的official rate of exchange 官方汇率是很重要的。

3.The bank used the official rate of exchange 官方汇率 to determine the amount of foreign currency I would receive.

银行使用了official rate of exchange 官方汇率来确定我将收到的外币金额。

4.Due to fluctuations in the market, the official rate of exchange 官方汇率 can change daily.

由于市场波动,official rate of exchange 官方汇率可能每天都会变化。

5.Many tourists rely on the official rate of exchange 官方汇率 for budgeting their expenses while traveling.

许多游客依赖于official rate of exchange 官方汇率来预算他们的旅行开支。

作文

The concept of the official rate of exchange plays a crucial role in international finance and trade. It refers to the fixed value at which one currency can be exchanged for another, as determined by a country's government or central bank. This rate is significant because it affects not just individual transactions but also the broader economy. For instance, when a country establishes its official rate of exchange, it influences the cost of imports and exports, thereby impacting the trade balance and economic growth.In many cases, governments set the official rate of exchange to stabilize their currency and control inflation. A strong currency can make imports cheaper and help reduce inflation, but it can also hurt exporters by making their goods more expensive abroad. Conversely, a weaker currency can boost exports by making them cheaper for foreign buyers, but it may lead to higher import costs and inflation. Therefore, finding the right balance in the official rate of exchange is essential for economic stability.Moreover, the official rate of exchange can differ from the market exchange rate, which is determined by supply and demand dynamics in the foreign exchange market. When a government maintains a fixed official rate of exchange, it often intervenes in the currency market to uphold this rate. Such interventions can take various forms, including buying or selling currencies or adjusting interest rates to influence currency value.For example, during economic crises, countries may devalue their currency to boost competitiveness in international markets. This tactic often involves changing the official rate of exchange to reflect a lower value for the domestic currency, which can lead to short-term gains in export volumes. However, it can also result in long-term consequences such as reduced purchasing power for citizens and increased costs for imported goods.In addition to economic implications, the official rate of exchange also has political ramifications. Countries with stable and predictable exchange rates tend to attract more foreign investment, as investors seek environments with less risk. On the other hand, nations with volatile or artificially maintained exchange rates may deter investment due to perceived instability.Furthermore, the official rate of exchange can affect travel and tourism. When traveling abroad, individuals often need to convert their home currency into the local currency at the official rate of exchange. If this rate is unfavorable compared to the market rate, travelers may find themselves paying more for goods and services than necessary. Therefore, understanding the official rate of exchange is vital for anyone planning to travel internationally or engage in cross-border transactions.In conclusion, the official rate of exchange is a fundamental aspect of global economics that influences trade, investment, and individual financial decisions. Its implications extend beyond mere currency conversion; it shapes national policies, affects inflation and economic growth, and impacts the everyday lives of people. As such, both policymakers and the public must remain informed about the official rate of exchange and its potential effects on the economy and society at large.

“官方汇率”这一概念在国际金融和贸易中扮演着至关重要的角色。它指的是一个国家的政府或中央银行确定的,一种货币可以兑换另一种货币的固定价值。这个汇率的重要性不仅影响单个交易,还影响更广泛的经济。例如,当一个国家建立其“官方汇率”时,它会影响进口和出口的成本,从而影响贸易平衡和经济增长。在许多情况下,政府设定“官方汇率”以稳定其货币并控制通货膨胀。强势货币可以使进口变得更便宜,有助于降低通货膨胀,但也可能通过使出口商品在国外变得更贵而伤害出口商。相反,较弱的货币可以通过使其对外国买家更便宜来促进出口,但可能导致进口成本和通货膨胀上升。因此,在“官方汇率”中找到合适的平衡对于经济稳定至关重要。此外,“官方汇率”可能与市场汇率不同,后者是由外汇市场中的供求动态决定的。当政府维持固定的“官方汇率”时,通常会干预货币市场以维持这一汇率。这种干预可以采取多种形式,包括买卖货币或调整利率以影响货币价值。例如,在经济危机期间,各国可能会贬值其货币,以提升国际市场上的竞争力。这种策略通常涉及改变“官方汇率”,使国内货币的价值降低,从而在短期内提高出口量。然而,这也可能导致长期后果,例如公民购买力下降和进口商品成本上升。除了经济影响外,“官方汇率”还具有政治意义。汇率稳定且可预测的国家往往能够吸引更多外国投资,因为投资者寻求风险较小的环境。另一方面,汇率波动或人为维持的国家可能因被认为不稳定而阻碍投资。此外,“官方汇率”还会影响旅行和旅游。当人们出国旅行时,通常需要按照“官方汇率”将本国货币兑换为当地货币。如果这个汇率与市场汇率相比不利,旅行者可能会发现自己为商品和服务支付了比必要更多的费用。因此,了解“官方汇率”对任何计划国际旅行或进行跨境交易的人来说都是至关重要的。总之,“官方汇率”是全球经济的基本方面,影响贸易、投资和个人财务决策。它的影响超越了简单的货币兑换;它塑造了国家政策,影响通货膨胀和经济增长,并影响人们的日常生活。因此,政策制定者和公众必须保持对“官方汇率”的关注,并了解其对经济和社会整体可能产生的影响。

相关单词

official

official详解:怎么读、什么意思、用法