The real rate of exchange reflects the deviation the purchasing power par with a balanced nature.

实际汇率反映对具有均衡性质的购买力平价的偏离，成为判定一国汇率水平高低的标准。

youdao

The formation of the real rate of exchange with change to all relate to the decision from the foreign exchange market's supply and demand.

实际汇率的形成和变化都是由外汇市场上的供求关系决定的。

youdao

Is there a way of achieving the effects of a fall in the real exchange rate without going to the extremes of ditching the euro?

如果不采取抛弃欧元的极端手段，有没有一种方式能达到实际兑换率下降的效果呢？

youdao

Conservatively speaking, then, it appears that over the past couple of years, the real exchange rate of the yuan, deflated by unit labor costs, has been appreciating against the dollar at a rate of something like 15 percent per year.

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In other words, these measures have had almost no mid-term impact on the dollar-real exchange rate because investments of all kinds continue flowing into this country.

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Mr Svensson argues that the yen needs to be pushed to an undervalued level, from which the public would then expect an appreciation of the real exchange rate.

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