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。
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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