短短三天之内，日元升值了13%。
人民币升值将降低进口产品的成本。
然而关于升值的标准论调部分地基于种种谬论。
Yet the standard arguments for a revaluation are based partly on a series of myths.
其他许多新兴市场国家让本币对美元升值。
Many other emerging economies have allowed their exchange rates to rise against the dollar.
升值可以降低进口食品的价格，从而控制通货膨胀。
A revaluation would help cap inflation by making imported food cheaper.
货币升值会提高出口产品在国际市场上的价格。
Stronger currencies make export goods more expensive on the world market.
到1988年，日元对美元升值幅度超过了100%。
By 1988 the yen had risen by more than 100% against the greenback.
原因之一是艺术品之所以比墙纸贵就在于人们预期艺术品会升值。
Part of the reason that art costs more than wallpaper is the expectation that it might appreciate in value.
投资者担心近期日圆的大幅升值可能损害高度依赖出口的日本经济。
Investors fretted that the recent, rapid appreciation of the yen could harm Japan's export-dependent economy.
中国还可以让人民币进一步升值，从而增强中国消费者的购买力。
China could let its currency, the yuan, appreciate further in inflation-adjusted terms, giving more purchasing power to Chinese consumers.
巴西汇率曾大幅升值，使其出口商丧失了以往数十载建立的大部分优势。
Brazil's exchange rate appreciated dramatically and its exporters lost much of the ground they'd gained in previous decades.
然而，并非所有的经济学家都同意人民币需要急速升值这一说法。
However, not all economists agree that the yuan needs to be sharply revalued.
机构投资者也将目光投向了硬资产，以求在收入和资本升值之间取得平衡。
Institutional investors are also looking to hard assets to strike a balance between income and capital appreciation.
早在今年年初，就有投资者预计人民币最早在今年六月中旬继续升值。
Earlier in the year, many investors expected that the renminbi might be allowed to resume its upward movement against the dollar as early as mid-June.
货币升值有助于转移经济增长对出口的依赖并且提高家庭实际支出能力。
Stronger exchange rates would help shift growth away from exports and boost households’ real spending power.
货币升值有助于转移经济增长对出口的依赖并且提高家庭实际支出能力。
Stronger exchange rates would help shift growth away from exports and boost households’ real spending power.
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