WHICH countries has the foreign-exchange market blessed with a cheap exchange rate, and which has it burdened with an expensive one?

哪个国家的外汇市场有幸获得较低汇率，又有哪个国家需要承受较高汇率呢？

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However, shopping in Spain is very cheap, and with the exchange rate generally rising in my favour, the cost of living for me is slowly falling.

BBC: Spain budget: Corruption, apathy and anger

The strong euro gave economically weak countries artificially cheap credit to gorge on, and then saddled them with an exchange rate incompatible with their competitiveness.

FORBES: We're All Currency Manipulators These Days

But almost all poorer countries look cheap by this gauge, and over the past decade China's real exchange rate has risen.

ECONOMIST: China's economy