Translation of "Wechselkursregime" in English

A few days later, Singapore unexpectedly altered its exchange-rate regime, too.

It has already liberalised most of its price, trade as well as foreign exchange regimes.

ERM II represents an intermediate exchange rate regime .

China’s foreign exchange rate regime will be one of the most important topics at these meetings.

In floating exchange rate regime, the currency value of a country is calculated in the foreign exchange market.

As a matter of fact, a fiat currency is well suited to a floating exchange rate regime.

In this respect , the ECB welcomed the decision of the Chinese authorities in July 2005 to shift to a new managed floating exchange rate .

Instead , Swedish monetary policy is oriented towards the primary objective of price stability by means of an explicit inflation target of 2 % for annual increases of the CPI in the context of a flexible exchange rate regime .

Swedish monetary policy is oriented towards the primary objective of price stability by means of an explicit inflation target of 2 % of the CPI under a flexible exchange rate regime .

Moreover , the optimal exchange rate regime for a country may change over time , depending on its state of macroeconomic and financial development .

Exchange rate regimes constitute an important part of the overall economic and monetary policy framework and should be orientated towards achieving real and sustainable nominal convergence.

But, owing to China’s skewed economic structure, its exchange-rate regime presents much more challenging problems than those encountered by Japan and other East Asian economies.

Over the past 15 years, the BRICs (Brazil, Russia, India, and China) have achieved remarkable progress, but their reforms – including new banking regulations and currency regimes – have been among the least difficult to implement.

This follows a cumulative appreciation of 37% since July 21, 2005, when China dropped its dollar peg and shifted its currency regime to a so-called “managed float.”

The lack of adjustment of surplus countries with inflexible exchange rate-regimes means that as the US deficit falls, a counterbalancing deficit develops elsewhere in the world – along with real effective exchange rate appreciation.

One important lesson from Latin America’s journey concerns the futility of relying on the exchange-rate regime as the main stabilization instrument.

There is thus no reason to caution them against fast eurozone accession or to force them to change their exchange rate regimes before entry.

As emphasised in recent discussions at the IMF and in other fora , the optimal exchange rate regime differs from country to country .

Following the change in the exchange rate regime in January 2005 , the LVL / EUR exchange rate has traded continuously in a narrow range close to the strong edge of its ± 1 % unilateral fluctuation band .

Exchange rate regimes constitute an important part of the overall economic- and monetary policy framework and should be oriented towards achieving real- and sustainable nominal convergence.

Targeting growth of broad money – besides pursuing a tightly managed exchange rate regime – still represents the core of the monetary policy framework.

In part, the differences in exchange rate regimes reflect the general diversity of approaches with which these countries tackle transition but also the underlying differences in their real economies.

The Committee of Governors of the Central Banks has therefore realistically recommended that decisions on the "exchange rate regime" of a European monetary union and the exchange-rate policy vis-à-vis third country currencies be left with the political authorities, i.e. the ECOFIN Council, although the European Central Bank would be consulted beforehand.

As for China’s renminbi, it is still supported by a highly political exchange-rate regime.