Example sentences of "[verb] [conj] exchange rate " in BNC.
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| 1 | The short-lived benefits from the 1967 devaluation and the persistence of poor economic performance after the floating of sterling in 1972 , demonstrate not just the limited effect of devaluation but rather suggest that exchange rate difficulties are symptomatic of more fundamental problems [ National Institute , 1972 ] . |
| 2 | Nevertheless , it is widely recognized that exchange rate adjustments within the EMS will only become less frequent if the economic performance and the economic policies of member countries are converging and consistent . |
| 3 | Some idea of the potential gains from a single currency can be had by looking at previous historical periods when people really believed that exchange rates were fixed . |
| 4 | It had been argued that exchange rate flexibility allows the individual country to determine its own monetary policy and , therefore , choose its preferred rate of inflation . |
| 5 | We will assume that exchange rates with the rest of the world do not change . |
| 6 | Although it is possible to ‘ hedge ’ against this risk by operating on the ‘ forward ’ market , this involves traders in additional costs which would not exist if exchange rates were fixed . |
| 7 | However , there is no empirical evidence to suggest that exchange rate changes have a systematic or durable impact on productivity growth rates . |
| 8 | Nobody will believe that governments are likely to intervene when exchange rates move toward the edge of their bands . |
| 9 | But it can be difficult to ascertain whether exchange rate pressure is temporary or permanent in nature ; consequently the decision when and to what degree the central monetary authority should intervene is largely a matter of judgement . |