What matters is the real exchange rate.
重要的是实际汇率。
Their real exchange rates, as a result, ought to rise.
作为结果，他们的真实汇率应该提升。
This leads to an appreciation of the real exchange rate.
这就导致了实际汇率的升值。
A real exchange rate takes account of price movements in each country.
实际汇率考虑到了每一个国家的价格变动。
Spain's real exchange rate is up by nearly a quarter since 2000 (see chart).
真实汇率自2000年以来上升近1/4（见图）。
Yet China seems to meet all the conditions for real exchange rate appreciation.
然而，中国似乎满足实际汇率上涨所需的一切条件。
The latest CPI also suggest that real exchange rate adjustment is taking place.
最新出炉的CPI指数也说明实际汇率正在进行调整。
The paper examines the impact of trade costs on real exchange rate volatility.
文章重点论述了交易成本对真实汇率波动性的影响。
To calculate the real exchange rate, you need a gauge of prices in each country.
计算实际汇率，你需要每个国家的物价指标。
The last thing it now needs is a further appreciation of the real exchange rate.
中国现在最不需要的就是人民币实际汇率的进一步升值。
An alternative way to lift a real exchange rate is through higher inflation than abroad.
取而代之的一个提升真实汇率的方法是通过比境外高的通胀。
The price that balances the supply and demand for foreign-currency is the real exchange rate.
平衡外汇市场供求的价格是实际汇率。
In normal circumstances, powerful economic forces work against an increasingly undervalued real exchange rate.
在正常情况下，强大的经济力量会纠正日趋低估的实际汇率。
Before the intervention, the real yen-dollar exchange rate index was at 100.2.
干预之前，日元对美元的真实汇率指数在100.2。
May be able to say that I smile and they are the most real to exchange those beautiful memories.
也许可以这么说，我用最真的微笑和他们去交换那些美丽的回忆。
Yet these contracts rarely involve an exchange of real barrels of oil.
但这些合同很少涉及到实时桶装油的交易问题。
Research on data exchange interface of management database with the real time database.
管理数据库与实时数据库之间数据交换接口的研究。
For example, the real estate market, foreign exchange market, the labor market, short-term capital market.
比如房地产市场、外汇市场、劳动力市场、短期资金市场等。
The network instant communication is the Internet real-time information exchange.
网络即时通讯就是网络上实时进行信息交流。
Unit testing real server data exchange?
单元测试服务器数据交换？
Real estate exchange markets were established, but still today, there's no property tax.
但是直到今天，也没有征收不动产税。
Real estate exchange markets were established, but still today, there's no property tax.
但是直到今天，也没有征收不动产税。
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