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Currencies in sentence

1239 examples of Currencies in a sentence

These misalignments could be partly attributable to overvaluation of the other currencies.
But let us assume that these estimates are at least roughly accurate, and that the pound is now broadly undervalued relative to the currencies of its major trading partners.
Higher interest rates and low, stable inflation can give a country’s currency an edge over other currencies, so if we factor in the real-interest-rate differential, we can determine a notional price at which a currency should trade.
Notably, it recently succeeded in persuading the International Monetary Fund to add the renminbi to the basket of currencies that determines the value of the Special Drawing Right, the unit the IMF uses in dealing with its 188 member countries.
That step – which places the renminbi on par with the major global currencies (the US dollar, the euro, the British pound, and the Japanese yen) – will enhance public- and private-sector acceptance of China’s currency in the international monetary system.
A single currency also means a common exchange rate relative to other currencies, which, for any country within the euro zone, precludes a natural market response to a chronic trade deficit.
If Spain and Germany still had the peseta and the D-mark as their respective currencies, the differences in trade balances would cause the mark to appreciate and the peseta to decline.
Greece, Ireland, Portugal, and even Italy are often cited as countries that might benefit from being able to pursue an independent monetary policy and allow their currencies to adjust to more competitive levels.
Indeed, at the onset of the financial crisis, Putin tried to bestride the world, portraying Russia as an island of stability and demanding the creation of a new global financial order, with the rouble to become one of the world’s reserve currencies.
These include emerging markets’ long-term growth differentials relative to advanced economies; investors’ greater willingness to diversify beyond their home markets; and the expectation of long-term nominal and real appreciation of emerging-market currencies.
If China doesn’t allow the renminbi to strengthen, other emerging markets will remain wary of letting their currencies appreciate too much and lose competitiveness.
Today, advanced economies borrow in their own currencies at near-zero (and sometimes negative) interest rates.
Given that this strategy can be applied to stocks, bonds, currencies, and many other asset classes, smart beta could be the future of asset management.
There has been a surge in euro-denominated international bonds, but the liquidity of foreign-exchange markets is no higher for the euro compared to the national currencies it replaced, and the euro remains a long way from challenging the supremacy of the dollar.
That is why, in 1971, President Richard Nixon unilaterally abandoned the dollar’s convertibility to gold, leaving major currencies’ exchange rates to float against one another.
From 1980 to 1985, the US dollar appreciated by 50% against the currencies of Japan, West Germany, France, and the United Kingdom;America’s current-account deficit was approaching 3% of GDP; and its top four competitors had massive surpluses and negative GDP growth.
The only available monetary-policy tool is to change collectively the euro’s value relative to outside currencies.
Borrowing in foreign hard currencies is particularly risky, as depreciation of the local currency can cause liabilities to surge.
Meanwhile, in December 2015, the US Congress ratified the IMF’s 2010 Quota and Governance Reforms; and in October 2016, the IMF Executive Board added the Chinese renminbi to the basket of currencies comprising the Fund’s unit of account, Special Drawing Rights.
One after another, they abandoned the gold standard, depreciating their currencies.
Reintroducing national currencies today would take weeks, at a minimum, whereas Britain in 1931 could take sterling off gold while the markets were closed for the weekend.
Back then, countries still had their national currencies; they could simply stop supporting them.
Member states may not be in a position to be even provisionally sure that the single currency has started well, until it has been going for at least a couple of years, and most probably not until after the phase-out of national currencies in 2002.
Were China to adopt an exchange-rate regime characterized by a multiple-currency, basket-based reference rate with a reasonably wide band – a policy first proposed by Willem Thorbecke of the Asian Development Bank Institute – the huge surpluses generated within Asia’s production networks would cause the region’s currencies to appreciate together, instead of putting pressure on just one or two, as is happening today.
Of course, they would devalue on their own had they not given up their currencies for the euro ten years before the crisis (and if it were not for their euro-denominated debt).
Several currencies have attained some measure of regional convertibility, which should encourage monetary harmonization and promote intraregional trade, as countries’ trade flows shift from partners that require payment in foreign currency.
A form of monetary harmonization in southern Africa already exists between South Africa and Lesotho, Namibia, and Swaziland, whose currencies are traded at par with the South African Rand.
The German authorities feared that the country’s export-oriented economy would suffer from the wide exchange-rate swings that are the norm for global reserve currencies.
Given the weakness of other European currencies, however, and Germany’s desire to keep markets open, there was very little that its officials could do.
So far, terrorists have lagged behind their criminal counterparts in adopting virtual currencies like the peer-to-peer currency Bitcoin.
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