实际有效汇率是指剔除通货膨胀的影响，一国货币与一篮子其他主要货币的加权平均值。
The real effective exchange rate is the weighted average of a country's currency relative to a basket of other major currencies adjusted for the effects of inflation.
即使以加权平均数计人民币兑其他主要货币上升，但视乎交叉汇率走势而定，人民币兑某特定货币仍可能下跌。
Even if the renminbi appreciates against other main currencies on a weighted average basis, it may depreciate against a particular currency, depending upon developments in the cross exchange rates.
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