They believe that the frequent fluctuation of nominal and real exchange rates under the floating exchange rate regime will inevitably lead to the reduction in the volume of international trade.

他们认为，浮动汇率制度下名义汇率和实际汇率的频繁波动将不可避免地导致国际贸易量的减少。

youdao

The risk is mainly brouht by the individual trade, including descendant risk, speculative risk, floating risk and institutional risk.

其风险主要来自于单项交易、初期股指下挫的风险，投机风险，流动性风险和制度风险。

youdao

When the market yield is above its capped coupon rate, a floating-rate security will trade at a discount.

当市场利率高于利率上限时，浮动利率债券以折价进行交易。

youdao

Floating exchange rates destabilise trade and investment by wrenching relative prices away from their fundamental values (that is, from the values that would put the corresponding exchange rates at purchasing-power parity).

ECONOMIST: One world, one money

But the Lieberman-Warner bill isn't the only "cap-and-trade" proposal floating around on Capitol Hill these days, so why is it making waves?

FORBES: Magazine Article

With floating exchange rates, the trade constraint was removed.

ECONOMIST: The link between exchange rates and asset markets