| 单词 | under-valued currency |
| 释义 | under-valued currency A currency whose exchange rates with other currencies are lower than is necessary for external balance. This tends to improve the country's balance of payments on current account, as relatively low prices make exports easy to sell and imports easy to compete with. It should also make it possible to borrow easily, if the market expects the exchange rate to rise. It is not easy to tell whether a currency is undervalued: for example, the current account may be in surplus during a recession even though the exchange rate is too high to be consistent with external balance once activity recovers. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。