Since 1994, the real effective exchange rate of the Chinese yuan has appreciated by 57.9% against the dollar.

现在同1994年相比，人民币的实际有效汇率升值57.9%。

youdao

And since 1994, the real effective exchange rate of the Chinese Yuan has appreciated by 57.9% against the dollar.

那么现在同1994年相比，人民币的有效汇率升值57.9%。

youdao

And you can see that China's real effective exchange rate has scarcely moved since that time; there has been a little appreciation, but nothing dramatic.

而人民币实际有效汇率从那时起几乎没有起伏；只有小幅升值，幅度不大。

youdao

For many, the real effective return would be zero or even negative.

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