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Currencies in sentence

1239 examples of Currencies in a sentence

For many years Germany and Japan dominated world exports, and at the time both the yen and the Deutsche Mark were among the "strongest" currencies in the world.
International capital markets were small and constrained by exchange controls, a minefield of regulations, and the lack of convertibility of even the major currencies.
Too timid to undertake serious reforms at home, Japanese authorities fight to keep the yen's value as low as possible against the dollar and rival Asian currencies.
Many middle-income countries’ central banks are hoarding dollars today in order to prevent their currencies from appreciating too much against the sinking dollar.
Even though America’s financial markets nearly collapsed, its public-debt levels rose sharply, and the Federal Reserve was forced to undertake massive monetary expansion to support the economy, the dollar strengthened relative to most other currencies.
It has also intensified its effort to make the renminbi an international reserve currency, pushing for its inclusion in the basket of currencies that makes up the IMF’s unit of account, the Special Drawing Right.
The Renminbi’s Journey to the WorldBEIJING – Recently, HSBC bank released an upbeat survey predicting that China’s currency, the renminbi (RMB), will become one of three global settlement currencies (alongside the dollar and euro) sometime this year.
But if the current exchange-rate peg to a basket of currencies fails to anchor the renminbi and prevent sharp depreciation, the deflationary consequences for the world economy will be profound.
Developed countries’ currencies have been floating against each other for several decades, but this has been only partly true of emerging and developing countries.
And floating and fixed exchange-rate regimes coexist uneasily, because volatility tends to affect the floating currencies (often the euro, and recently the Latin American currencies).
To prevent their currencies from appreciating too much in the first case and falling too far in the second, emerging countries have accumulated foreign-exchange reserves, two-thirds of which are denominated in dollars.
Since 1998, with the rebound of Asian currencies and the strong Yen, there has been a significant improvement in China's competitiveness.
This would enable them to revive economic growth and competitiveness through a depreciation of new national currencies.
In October 1990, the UK joined the euro’s precursor, the European Exchange Rate Mechanism (ERM), which kept the exchange rates between Europe’s major currencies within tight bands, which were increasingly tightened before locking the various currencies into a single one.
Indeed, even foreign states benefited after central banks entered into swap agreements, giving one another unlimited access to their respective currencies.
It bestows access to high-demand currencies on a select few, relatively strong, countries precisely when the weakest countries are at their most vulnerable.
What had seemed a bilateral dispute between the United States and China over the renminbi’s exchange rate has mutated into a general controversy over capital flows and currencies.
In fact, this will happen whatever the exchange rate between currencies.
True, some currencies have risen and others have fallen, but on average almost nothing has happened.
Second, currencies played an important role as an escape valve in the early days of Asia’s post-crisis adjustment process.
As the region moved from hard exchange-rate pegs to floating rates, Asian currencies plunged – with drops against the dollar ranging from 28% in South Korea and roughly 37% in Thailand, Malaysia, and the Philippines to almost 80% in Indonesia.
Thanks to international and national policy interventions, their currencies and banking systems were saved from collapse, but many of them saw massive output drops and soaring unemployment.
(Although national currencies remained in circulation until 2002, exchange rates were “irrevocably” fixed from 1999.)
This, together with the Federal Reserve’s gradual interest-rate hikes, will strengthen the dollar, weaken so-called emerging-market currencies, and shift money from the rest of the world to the US.
As Latin American, Asian, and African countries’ currencies depreciate, their reserves will plummet or their own interest rates will spike, and inflation will rise.
On the fringes of public opinion, some people are even muttering suggestions that their countries should revert to their ancient national currencies – which of course would only bring disaster in the form of an even more confusing state of affairs, as EU countries are indebted in euros.
If the purchasing power of their money had been dealt a blow after 2008, they would naturally have sought substitutes for their home currencies (other currencies, precious metals, or alternative forms of saving).
What an irony: a currency designed to challenge the dollar for supremacy among global currencies, now needs US assistance to stop its meltdown.
In 1985, the value of European currencies as a basket reached 67 US cents, 25% below today's levels.
They reduced inflation, floated their currencies, ran external surpluses or small deficits, and, most importantly, accumulated mountains of foreign reserves (which now comfortably exceed their short-term external debts).
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