货币自由兑换指在外汇市场上，能自由地用本国货币兑换成某种外国货币，或用某种外国货币兑换成本国货币。
大多数新兴经济体现在允许货币自由兑换。
Most emerging economies now allow their currencies some freedom of movement.
上海过去是金融中心，是货币自由兑换的地方，今后也要这样搞。
Shanghai used to be a financial centre where different currencies were freely exchanged, and it should become so again.
本文阐述了货币自由兑换的条件及宏观经济状况，提出货币自由兑换面临的问题。
This paper expounded the conditions for currency free exchange and the macroscopic economic situation, and pointed out the possible problems encountered by the currency free exchange.
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