Europe started a long process towards monetary union, via an exchange-rate mechanism, which resulted in a single and free floating currency 30 years later.
欧洲开始了通过一项汇率机制迈向货币统一的漫长过程，30年后，它们拥有了一种自由浮动的单一货币。
Article 33 The exchange rate for Renminbi is a single, managed floating exchange rate based on market demand and supply.
第三十三条人民币汇率实行以市场供求基础的、单一的、有管理的浮动汇率制度。
Because the single currency deprived members of monetary and exchange-rate flexibility, they were likely to need more, not less, fiscal flexibility.
因为单一货币夺走了成员国的本国货币和汇率弹性空间。而他们需要的是提高弹性空间，而不是减少。
French and German exporters at least agreed on a more modest goal: a single currency to end exchange-rate risks within the internal market, including competitive devaluations.
法德两国的出口商至少就一初步目标达成一致：在内部市场中利用统一货币消除汇率风险，包括竞争性贬值在内。
Locked into the single currency, Spain can no longer regain its lost competitiveness by cutting its exchange rate.
受限于单一货币，西班牙无法通过降低汇率弥补其竞争力不足。
It was decided at that time that we would adopt a market-based, single, regulated floating exchange rate regime.
我们当时确定的机制是以市场供求为基础，单一的、有管理的浮动汇率。
The currency used as the basis for an exchange rate, eg. A foreign currency rate of exchange is quoted per single unit of the base currency.
汇率报价中作为基础的货币，即报价表达形式为每一个单位的货币可兑换多少的另一种货币。
It was decided at that time that we would adopt a market-based, single, regulated floating exchange rate regime.
第三十三条人民币汇率实行以市场供求基础的、单一的、有管理的浮动汇率制度。
Article33the exchange rate for renminbi is a single managed floating exchange rate based on market demand and supply.
第三十三条人民币汇率实行以市场供求基础的、一的、管理的浮动汇率制度。
And exchange rate regime shows as single-pegged dollar (exchange rate) regime, and interest rate is still restricted.
汇率制度表现为单一钉住美元制，利率仍受管制。
These analysis brings the following results:under protected trade and with respect to the effectiveness of the single policy, the export rebate is superior to the domestic tax and exchange rate;
这些分析得出如下的结论：就单一政策的调整效力而言，出口退税优于国内税收与汇率政策；
These analysis brings the following results:under protected trade and with respect to the effectiveness of the single policy, the export rebate is superior to the domestic tax and exchange rate;
这些分析得出如下的结论：就单一政策的调整效力而言，出口退税优于国内税收与汇率政策；
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