| 单词 | currency |
| 释义 | currency currency /; AmE / noun (plural currencies)
BASKET OF CURRENCIES, CONVERTIBLE CURRENCY, DIGITAL CURRENCY, DUAL CURRENCY, E-CURRENCY, FIXED CURRENCY, HARD CURRENCY, INCOVERTIBLE CURRENCY, NON-COVERTIBLE CURRENCY, PAPER CURRENCY, RESERVE CURRENCY, SOFT CURRENCY, UNIT OF CURRENCY
1 [C,U] the system of money that a country uses; the value of the country's money: Brazil's currency, the real trading in foreign currencies I had to change my euros into local currency. A weaker currency would help our exports. The government has devalued the national currency by 29%. The dollar rose against European currencies but fell against the Japanese yen. The new currency will be pegged to the US dollar (= the value of the new currency will be linked to the value of the dollar). See note at INCREASE
❖ common/domestic/foreign/local/national currency ◆ a stable/strong/volatile/weak currency ◆ to buy/change/exchange/sell currency ◆ to devalue/depreciate/peg/prop up a currency ◆ currency devaluation/fluctuation/movement a currency dealer/speculator/trader
2 [U] the period of time during which sth is valid or is used: The facts must remain true and accurate during the currency of the advertisement.
VOCABULARY BUILDING
Describing what happens to currencies
Deciding the value of a currency
• Many developing economies have their currencies pegged to the dollar. • The government allowed the peso to float freely. • Countries devalued their currencies to encourage exports. • They revalued the currency to reflect the change in economic growth.
Increases in value
• The yen has appreciated around 7.5% against the dollar so far this year. • The Swiss franc is strengthening against the euro.
Decreases in value
• The central bank cannot afford to defend a depreciating currency. • The rand weakened by 5% to the euro. See note at INCREASE |
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