As large amounts of dollars flow into China through net exports and foreign investment the Chinese central bank must buy up these dollars at the pegged exchange rate.

由于大量美元通过净出口和外国投资的形式流入中国，中国央行必须按盯住的汇率买进这些美元。

youdao

Capital flow is sensitive to interest rate and foreign exchange rate, a small spread may lead to large-scale currency conversion and arbitrage activities.

而国际资本流动对利率、汇率波动的敏感程度较强，微小的利差、汇差就可能导致大范围的货币兑换和套利行为。

youdao

Then the current value of the foreign currency shall be converted at the spot exchange rate of the current day when the future cash flow of the asset is calculated.

然后将该外币现值按照计算资产未来现金流量现值当日的即期汇率进行折算。?。

youdao

Mr. LIN SHAO-WEN (Deputy Newsroom Director, China Radio International): The government here is saying that this is a market economy so it will take some measures to work for a manageable, freer flow of the exchange rate.

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Moreover, the Central Bank is likely to welcome the strengthening of the BRL, as appreciation can help ease some of the building inflationary pressure that higher food prices and a stable exchange rate were allowing to flow through to the economy.

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Some economists are expecting wider fluctuation of the exchange rate due to uncertain foreign capital flow.

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