abc.金融英语 金融世界13（Abc. Finance English world of Finance 13）.docVIP

abc.金融英语 金融世界13（Abc. Finance English world of Finance 13） Thirteenth lectures on the financial world Since the beginning of 1980s, Australia, like many other countries, has implemented a currency floating exchange rate system. The English language is floating exchange rates. That is to say, the price of Australian dollar varies with the change of the market. In this case, lets take a look at the price of money, that is, what determines the exchange rate. We know that the exchange rate is the parity between two or more than two currencies. Initially, Australia, like many other countries in the world, adopted a fixed exchange rate system. Radio Australia presenter Barry Clark explained. He mentioned such words in his conversation: 1 fixed exchange rates fixed exchange rate The 2 Gold Standard gold standard, the gold based currency system, was first adopted in Britain in 1819 and abandoned by most countries after 1929 3 Bretton Woods system the Bretton Woods monetary system, July 1944 held a joint national monetary conference at Bretton Woods New Hampshire to determine equal to $thirty-five an ounce of gold, other currencies and the dollar exchange rate in the one percent range floating 4, crawling, system, PEG, PEG, exchange rate system, the Bretton Woods exchange rate system after the collapse of an exchange rate system, only a small amount of exchange rate adjustment, to avoid drastic changes 5 International Monetary Fund International Monetary Fund Next, lets listen to the talk and the Chinese translation of the Australian finance presenter Barry Clark: Precisely because the exchange rate is such an exceptionally important price many find, it surprising, and even alarming, that it is allowed to fluctuate from day to day from hour, to hour, and even from minute to minute, according to the vagaries of market forces. Precisely because currency exchange rates are such an important price, many people are surprised or even worried about allowing it to fluctuate from day