人民币实际汇率低估促进中国经济增长，而人民币实际汇率高估则将阻碍中国经济增长。
The undervalued of RMB exchange rate will promote China's economic growth, while the overvalued of RMB real exchange rate will hinder China's economic growth.
重要问题是在其它方面：亚洲决策者经过总结认为，重大错误不是盯住汇率制，而是汇率高估。
The big event has been elsewhere: the great mistake, Asian policymakers concluded, was not pegged, but overvalued, exchange rates.
第二，即使一国货币的汇率没有被高估，如果它没有大量外汇储备，也有可能受到外汇投机者的成功袭击。
Second, even if its exchange rate is not overvalued, a country could face a successful attack by forex speculators if it does not have a very large amount of foreign exchange.
因此，原始指数无法很好地预测汇率走势：被低估的货币通常会持续低估，而被高估的货币则持续高估。
As a result, the raw index did a poor job of predicting exchange rates: undervalued currencies remain too cheap and overvalued currencies remain too pricey.
这表明欧元的购买力评价恰好是1美元，所以以当前$1.10的汇率计算，欧元被高估了10%。
This implies that the euro's PPP is exactly $1, so at its current rate of $1.10 the euro is 10% overvalued.
英国、瑞典和丹麦的货币对欧元的汇率更是被显著高估。
The British, Swedish and Danish currencies are still significantly overvalued against the euro.
为控制国内的通货膨胀，比索汇率被高估并与美元挂钩浮动。
To control domestic inflation the peso is overvalued and the exchange rate pegged to the dollar and floating.
特别是2007年以来，人民币实际汇率有轻微高估趋势。
Especially 2007 later, RMB real exchange rate has a little overvalued.
特别是2007年以来，人民币实际汇率有轻微高估趋势。
Especially 2007 later, RMB real exchange rate has a little overvalued.
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