Translation of "Starke abwertung" in English

More dramatic, however, was the sharp devaluation of the South Korean currency (the won).

The sharp depreciation of the Brazilian real resulted in negative currency effects.

The strong devaluation of the US dollar also placed an appreciable drag on earnings.

Furthermore, as has also been stressed tonight, that ability to compete is reinforced by the strong devaluation of the Korean won, caused by monetary instability in Asia.

In fact, the ECB has rejected any strategy likely to favour a euro-dollar parity more favourable to exports and industry, in particular with a view to preventing too significant a fall in the dollar.

The main risk is that a big devaluation would be interpreted as indicating that China’s economic slowdown is far more severe than people think, in which case money would continue to flee.

The marked subsequent depreciation of the Korean won against the US dollar in November ( and December ) led to a further weakening of the currencies of the region .

With slowing world economic growth, US financing needs could cause a drop in investors’ confidence in the future of US-based assets, precipitating a sharp dollar depreciation.

A disorderly unwinding of such a deficit, which is unprecedented in its magnitude and duration, could trigger a sharp depreciation of the dollar and a recession in the US with possible substantial knock-on effects on world growth.

Much of the expansion in exports of these products was due to temporary factors, such as the large exchange rate depreciation of Spring 1994 allied with continued access to subsidised energy.

Though political developments in Turkey have been attracting the most attention lately, the country’s current crisis is rooted in economic weaknesses, reflected in declining investor confidence and the sharp depreciation of the lira’s exchange rate.

The real wage decline and cuts in private consumption represented a major pillar of the 1995 stabilization.

However, this spectacular fall in ECU terms needs to be interpreted with caution, as it partly reflects the conversion of val­ues in a non­convertible currency (1990) into a con­vertible currency (1991) and the major devaluation of the Bulgarian currency against the ECU, which was well in excess of inflation in Bulgaria as expressed in national currency in 1991 and subsequent years.

The drop in import prices, spectacular in 1986 (10,7 %) and moderate in 1987 (-1,0 %) (see table 4), following the fall in oil prices and the strong dollar depreciation, has contributed significantly to the reduction in the inflation rate in the Community to a very low level in 1986 and 1987.

This strong export performance rested on an im­provement in price competitiveness, which was made possible by modest wage rises, strong productivity increases and the substan­tial 15% depreciation of European currencies in real terms that occurred between August 1992 and February 1994.

With this in mind, the Committee supported a substantial increase in the resources at the Fund's disposal.

For example the table below illustrates the large depreciation of the US dollar in the second half of the 1980s ( base year 1990 = 100):

In fact, the effect of the oil price increase has been more than offset by the strong depreciation of the US dollar against the European currencies and a slight fall in import prices for manufactured goods and primary non-fuel commodities.

The Gulf crisis is over, the price of oil has settled at its former level, there are signs of some recovery in the United States, and economic growth in West Germany remains strong.

Overall, farmers are beneficiaries of surplus distribution (see Figure VIII.6), while consumers also benefit from a substantial fall in prices of agricultural products.

A sharp depreciation of the lev in Spring 1994 boosted exports and industrial output, while imports were re duced.