But that is the effect of relative dollar depreciation.
但是，这却是美元相对贬值的实际结果。
But that depreciation was essentially over by spring 2009, so its effect has been fading.
但是，到2009年英镑贬值已经基本结束，因此，英镑贬值带来的效应也已经逐渐消失。
But there is no effect on year-to-year cash flows, because depreciation is not a cash outlay.
但是这对年与年现金流来说没有影响，因为折旧不是一项现金支出。
The depreciation of RMB' real effective exchange rate significantly promotes economic growth and its effect tends to be higher.
人民币实际有效汇率贬值的经济增长效应显著存在，且有提高趋势。
A devaluation leads to a real depreciation in the short run but has no effect on the real exchange rate in the long run.
贬值导致了短期内真实的跌价，但是它对长期实际汇率并无影响。
The sharp dollar depreciation could also have a negative effect on European and Japanese growth.
美元大幅度贬值也会对欧洲和日本的增长产生负面影响。
Therefore, the depreciation of the US dollar as a result of an economic recession will have a great effect on us, " said Zhou Mingwang, the general manager of Yiwu Mingwang Jewelry Co Ltd."
因此，经济萧条所导致的美元贬值将对我们产生巨大影响。”义乌名望珠宝有限公司总经理周名望说。
These effects of the exchange-rate depreciation do not erase the effect of initial loss of export income.
汇价下跌的这些影响并不会消除最初的出口收入损失的影响。
These effects of the exchange-rate depreciation do not erase the effect of initial loss of export income.
汇价下跌的这些影响并不会消除最初的出口收入损失的影响。
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